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Canada Life offers customizable term insurance | Investment Executive


IE Staff
Canada Life Assurance Co. has launched term insurance that clients can customize to their needs, the Winnipeg-based insurer said in a release on Monday.
Canada Life My Term allows clients to pick any term length they want, between five and 50 years, up to age 85.
“Gone are the days when customers have to pick a term product based on a pre-set time period,” said Paul Orlander, executive vice-president, individual customer, with Canada Life, in the release.
Premiums for the Canada Life My Term are guaranteed not to change for the term selected. As well, the product offers customizable coverage with optional benefits, such as accidental death benefits, and the flexibility to modify existing coverage, including converting to a permanent life insurance policy. ....

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Canada Life launches customizable term insurance product to maximize fit and flexibility


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WINNIPEG, MB, April 5, 2021 /CNW/ - Canada Life today launched Canada Life My Term™ life insurance – a new customizable term product that allows customers to pick the exact term length they want, between five and 50 years, to suit their unique needs.
Canada Life today launched Canada Life My Term™ life insurance – a new customizable term product that allows customers to pick the exact term length they want, between five and 50 years, to suit their unique needs. (CNW Group/Canada Life)
Gone are the days when customers have to pick a term product based on a pre-set time period, said Paul Orlander, Executive Vice-President, Individual Customer, Canada Life, noting plans can be assigned any length between five and 50 years, up to age 85. With today s announcement, we are offering our customers exactly what they need to fit their unique life situation. ....

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