Life insurance/mortgages

minimike2

Jimmy247 wrote: »

Hi, I'm new to the MSE forums and just read your point about companies not paying out on an insured life. I've recently taken a Level Term Assurance policy out with Canada Life, but I've been unable to find any UK-related information about how good they are at paying out in the event of a claim. I've found several negative reviews from the States about them.

Could you please point me in the right direction for finding relevant information about this matter? I'm still within my cancellation period and would prefer to go with a more trustworthy company (if such a company exists!).

Thanks for your help.

I was in the unfortunate position of needing to make a claim against a Canada Life CIC policy last year.

From claim going in to payout was less than 2 weeks with just 1 letter to the GP and a single phone call. They were superb.

Jimmy247

Thanks dunstonh and ACG! I appreciate you both taking the time to share your knowledge and experience.

Jimmy247

minimike2: Sorry to hear you needed to make a claim last year, but thanks for sharing your feedback regarding Canada Life.