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| Canada Life |
Canada Life has announced that it is offering free critical illness cover for children to all members of its CLASS scheme.
The CLASS scheme, open to those seeking protection for between three and 100 lives, is open to intermediaries seeking to assess risk for small and medium-sized businesses.
Free critical illness cover for children will be available to any member with a child of between 30 days and 18 years of age. It will provide cover of up to £20,000.
Dan Stewart, the life insurance firm's business development manager, comments, “We are extremely pleased to be able to offer this added benefit to our core Group Critical Illness product.
“The critical illness market has extremely low penetration in the UK which presents an excellent opportunity for growth. Free children’s critical illness cover serves to enhance the product, and we hope that it will help raise awareness and highlight the benefits of this valuable product.
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