With the introduction of gender equalisation, Canada Life International has announced its approach unisex rates for its Flexible Life Plan.
For pipeline plans Canada Life International will issue a policy on a gender specific basis as long as acceptance terms have been received by 19 December 2012.
Any terms issued prior to the 20 November 2012 will have a 30 day valid period for acceptance. However, from 21 November 2012 any terms issued will have a shorter validity period as these can only be accepted by the 19 December 2012.
To help with the transition, Canada Life will also produce gender neutral quotations when requested for new and existing pipeline cases leading up to the Gender Equalisation deadline.
Alistair Brown, head of operations at Canada Life International Limited said: "Due to the timescales involved from receiving an application to issuing terms, service is key.
"As intermediaries are aware, whole of life contracts can take longer to issue due to underwriting requirements (for example attending medicals, arranging for financials to be completed).
"It is therefore vital in the lead up to Gender Equalisation that as much information as possible is supplied to enable a quicker turnaround."
Canada Life has introduced a proactive team to deal directly with advisers on a case by case basis. This team is contactable via email, [email protected] or phone, Adviser Support: +44 (0) 1624 820299.
