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Canada Life

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Information

About Canada Life

Canada Life is an insurance, wealth management, retirement and protection provider. They deliver a range of solutions including pensions, annuities, workplace protection (life, income and critical illness), investment bonds, estate planning and retirement products. Canada Life aims to help individuals and businesses build financial security and long-term outcomes.

Company Info
Social Media
LinkedIn  ·  YouTube
Year Founded
1847
Headquarters
Toronto, Canada
Company Size
10,000+

Perkwise Insight

Overview

Canada Life is one of the UK's leading workplace protection providers, offering Group Life Insurance, Group Income Protection, and Group Critical Illness cover to businesses of 2+ employees. Unlike pure insurance plays, Canada Life wraps comprehensive support services around every policy-including 24/7 GP access, mental health support, and rehabilitation services.

Best For

UK businesses seeking comprehensive workplace protection

Pricing

Custom quote

Customers

3.5m UK customers

Pros
Industry-Leading Support Services Package
Day-One Absence Management
Flexible Coverage Options
Cons
Must Use Financial Advisers
More Info

Key Features & Benefits

Health and Wellbeing App

What It Does

Provides 24/7 access to UK-based online GPs, mental health helpline and counselling, get-fit programmes, nutrition advice, financial support.

Why It Matters

Employees can get same-day virtual consultations instead of waiting weeks for NHS appointments.

Early Intervention and Rehabilitation Services

What It Does

Access to dedicated helpline staffed by registered nurses, occupational therapists, and vocational rehabilitation consultants (all Mental Health First Aiders) for immediate guidance on supporting employees and facilitating return to work.

Why It Matters

Canada Life's proactive approach means shorter absences, better outcomes, and dramatically reduced HR administrative burden.

Flexible Benefits Platform

What It Does

Allows employees to choose from a menu of voluntary benefits alongside core coverage, creating a personalised benefits package that meets individual needs and circumstances.

Why It Matters

Flexible benefits let you offer choice without breaking the budget, and employees appreciate the autonomy. This works particularly well for multi-generational workforces.

Implementation & Support

Setup Process

  • Initial consultation with a financial adviser
  • Quote request and generation
  • Quote review and selection
  • Employee data collection
  • Trust setup
  • Policy activation
  • Employee communications

Technical Requirements

  • Basic employee data in Excel or CSV format; email access for ongoing administration
  • Smartphones recommended for WeCare and myStrength apps
  • Integration: No complex IT integration required
  • Trust Administration: Minimal if using Canada Life's Master Trust or Excepted Solution Trust

Support Options

  • Dedicated account management (larger schemes)
  • Platform access for policy management
  • Phone support
  • Email support
  • Day-one absence management helpline for immediate support

Alternatives

Other Group Risk Vendors