Canada Life poised to enhance its group IP offering

Canada Life is revamping its group income protection (IP) offering in a bid to secure a larger share of the market. In the first of a series of nationwide seminars, the insurer has announced that the aim of the overhaul is to make life easier for intermediaries who sell Canada Life products and tempt more advisers into doing so by increasing efficiency, service and commission potential for IFAs who deal with the provider. As a result of the enhancements to Canada Life's group IP product, the policy now boasts three definitions of incapacity: standard occupation, suited occupation and sta...