Canada Life insurance review

Find out what policy options are available with Canada Life and what they include, plus the pros and cons of cover.

3.5 ★★★★★ (152 reviews) Write a review
Canada life

Canada Life is an international financial services company, providing pensions, investments and insurance solutions to individuals and companies across the world. We’ve looked at what the company’s life insurance policies include and the pros and cons of cover.

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What types of policies are on offer?

Canada Life offers three types of life insurance policy. All of them will pay out a lump sum (up to £1 million) if you die or you’re diagnosed with a terminal illness and aren’t expected to live more than 12 months.

  • Level cover. The amount you pay and the amount of cover you have remain the same throughout the length of the policy.
  • Increasing cover. You increase the amount you pay each year at a higher level than the cover.
  • Decreasing cover. Your payments remain the same, but the amount of cover goes down throughout the policy.

What’s included with Canada Life insurance?

As well as the lump sum payout, Canada Life’s insurance policy includes the following benefits:

  • You can add cover for your partner
  • Choose your length of cover – from 3 years to 40 years
  • Bereavement counselling
  • Probate helpline
  • Personal nurse service
  • A second opinion from your choice of 20,000 UK consultants
  • Advance payment for funeral costs
  • The Canada Life app, offering savings with thousands of retailers

Claims process

Claims can be made by calling 0345 606 0708 or emailing individualprotectionclaims@canadalife.co.uk.

Whoever gets in touch will need to list the name of the deceased, their relationship to the deceased, their policy number (if known) and the cause of death.

Canada Life will then review the claim. The claimant may also need to send the original death certificate (which will be returned), plus other legal or medical documents.

Canada Life states that the payout will usually arrives within five days.

Managing your policy online

You can manage your policy online by pressing the “Log In” button in the top right of the Canada Life website.

Contact details

For customer service, call 0345 606 0708 or email customer.service@canadalife.co.uk.

Pros and cons

Pros

  • Three types of policy to choose from
  • A lump sum payout of up to £1 million
  • You can add your partner to your policy
  • Earn rewards with the Canada Life app

Cons

  • Mediocre scores for customer service

Canada Life life insurance customer reviews

In the 2024 Finder customer satisfaction survey, 84% of Canada Life customers said they’d recommend the brand to a friend. The best brand in our survey had 92% on this measure.

One customer said: “Easy to set up, competitively priced and good coverage.”

But another mentioned “slow service”.

On the reviews platform Trustpilot, Canada Life scores just 1.6 out of 5, based on 106 reviews (last updated: March 2024).

Our verdict

Canada Life offers a lot more than protection and a payout after your death. These extras help to set it apart form its competitors.

Frequently asked questions

Life insurance ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

To find out more, read our full methodology.

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Publisher

Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio

Danny's expertise
Danny has written 350 Finder guides across topics including:
  • Car, home and business insurance
  • Helping people save money on their insurance
  • Project management
  • Giving valuable insights to website visitors
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