Salary multiples up by twofold
Canada Life is to double the salary multiples for its group insurance products. The insurer said it...
Canada Life is to double the salary multiples for its group insurance products.
The insurer said it was making a range of enhancements to group life products through CLASS, its online business portal. The enhancements will include eight times salary multiples where previously there had been four, and the introduction of fixed lump sum benefits of £50,000 and £100,000.
Daniel Stewart, business development manager at CLASS, said: "These changes have been made as a direct result of intermediary feedback. Extended multiples of salary and flat lump sum benefits allows us to offer a much more competitive online offering for small scheme business and so we hope this in turns helps to provide intermediaries with products that suit their needs and their clients'."
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