Canada Life Life Insurance Overview

Canada Life life insurance pays out a cash lump sum if you die or are diagnosed with a terminal illness during the policy term. Choice of life cover options including level, decreasing, increasing, joint and whole of life insurance. Provides a financial safety net for those you’ll leave behind if the worst should happen.

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Written by Tim Leonard

Last updated on 04 August 2022.

Canada Life life insurance FAQs

Who is Canada Life?

Canada Life has been offering financial services in the UK since 1903, backed by its parent company, Great-West Lifeco, the oldest life assurance company in Canada.

In the UK, Canada Life offers a wide range of protection, investment and retirement products, including life insurance, annuities and lifetime mortgages.

How does Canada Life life insurance work?

With life insurance from Canada Life, you’ll pay a fixed premium each month and your plan will pay out a tax-free lump sum to your loved ones if you die during the policy term. Canada Life life insurance typically includes terminal illness cover as standard.

» COMPARE: Life insurance

What type of insurance policies does Canada Life offer?

Canada Life offers a number of life insurance options including:

  • level term life insurance
  • decreasing life insurance
  • increasing life insurance
  • joint life insurance
  • life insurance with critical illness cover
  • whole of life insurance

» MORE: What are the different types of life insurance?

How do I make a Canada Life life insurance claim?

If you want to make a claim, you can call Canada Life. Alternatively, you can send an email or write to the customer services department.

To get a claim under way, you’ll usually need to provide the full name of the deceased, the cause of death, and the policy number, if it’s known. Once a claim has been reviewed, you’ll normally need to send Canada Life an original death certificate, which will be returned.

Can I cancel my Canada Life life insurance?

If your policy has just started and you change your mind within 30 days of receiving your cancellation form, you can return the form and get your premiums back.

Alternatively, you can cancel your Canada Life life insurance policy at any time. Be aware, there is no refund if you cancel after the 30-day cancellation period has expired.

What do I need for my Canada Life insurance application?

You’ll need to be prepared to share information about your age, weight, height and health. Any medical conditions that run through your family history must be disclosed too..

Note that you can only apply for life insurance from Canada Life through an adviser.

Where can I find Canada Life insurance reviews?

A relatively small number of customer reviews relating to various products and services offered by Canada Life can be found at Trustpilot. The average rating received is 2.4 stars out of five.

However, there are no standalone reviews of Canada Life life insurance on its own.

Ratings are correct as at 28 June 2022.

Where can I find the Canada Life login and contact details?

Canada Life life insurance policies can’t be accessed or managed online by policyholders.

If you want to discuss a life insurance policy with Canada Life, you can get in touch via phone or email.

About the author

Tim draws on 20 years’ experience at Moneyfacts, Virgin Money and Future to pen articles that always put consumers’ interests first. He has particular expertise in mortgages, pensions and savings. Read more
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