Canada Life has cut its term assurance rates by up to 40%. The cuts, with effect from 23 November, a...
Canada Life has cut its term assurance rates by up to 40%. The cuts, with effect from 23 November, affect the level term, renewable term, and loan protection premium rates. Canada Life is also making changes to its underwriting limits.
Commenting, Kevin Twomey, marketing manager (protection), said: 'Protection business has been a core area for Canada Life for many years and we recognised that we needed to make these cuts to re-establish ourselves as a leading player in this market.'
