Canada Life Health Insurance

To make a claim in a group coverage, your employer is required to submit a claim form and any supporting information that may be required.

To apply for this type of insurance, the borrower is required to answer a few health questions. However, if the borrower applies for higher coverage amounts, he/she may be required to provide a detailed health questionnaire or other medical evidence.

The group creditor insurance provides several benefits such as life, disability, and critical illness coverage but the benefits are designed to be in line with the insurance certificate.

Benefits may include a lump sum for some types of claims and they are made directly to the lender. In some other cases, benefits may be relevant in making the required loan payments.

Yes. You can cancel your Canada Life’s group creditor policies at any time.

If you are an employer or the financial advisor of the group, you are allowed to make changes to a group insurance policy in writing. It is important to notify Canada Life as early as possible because a policy cannot be changed from a date earlier than when notified. Further, you can also inform Canada Life of upcoming changes even if the details are not yet finalized.

Canada Life makes benefit payments primarily through bank transfers. However, due to the legal framework surrounding each payment, the ultimate receipt of the payment may not be the same for each product.