Following IFA feedback, Canada Life has made changes to its CLASS Group Life product. The product no...
Following IFA feedback, Canada Life has made changes to its CLASS Group Life product. The product now offers salary multiples extended to 8x salary (in 0.5 increments), up from 4x, and flat sum benefits of £50,000 and £100,000. There was previously no flat sum option. Canada Life said with death in service pension not available on CLASS, extended multiples of salary provide the alternative and are becoming a more common choice. All documents on the CLASS system have been changed to reflect these changes.