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Insurer Canada Life has agreed to sell its individual onshore protection business to Countywide Assured after it quit the individual protection market last November.
Canada Life has taken another step towards withdrawing from the UK individual protection market through the sale of its book of clients to Countrywide Assured.
Insurer Canada Life has agreed to sell its individual onshore protection business to Countywide Assured after it quit the individual protection market last November.
Canada Life confirmed its immediate withdrawal from the individual protection space, effective by close of business today (8 November).
Canada Life has confirmed it will no longer accept applications for onshore individual protection business, covering fixed-term life insurance and life insurance plus critical illness products. The financial services giant says the move comes after a review of its onshore individual protection range, adding it will