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Canada Life revises two bonds

Canada Life has revised two of its bond products, the Estate Preservation Bond and the Income Protection Bond by changing the remuneration options IFAs have on them.

While maintaining the 4.75 initial commission it currently offers to IFAs, the life office has added the alternative of 3 per cent initial and 0.25 per cent trail commission to both bonds.

In recognition of the fact people are living longer, Canada Life has also increased the maximum age limit on maturity on both products to 110 from 100 years.

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