Income Protection

This coverage helps your family with financial obligations in the event of a death, terminal illness, or serious injury.

Company-paid disability Insurance with Canada Life provides financial protection for you by paying a portion of your income in the event you are unable to work due to disability.
You will be automatically enrolled into this benefit with effect from your first day of employment.

Coverage is subject to the insurer’s terms and conditions.

Coverage Highlights

  • 75% of salary after a 13-week waiting period, with a maximum benefit level of £350,000 per annum.
  • Any claim paid is taxable through PAYE
  • Income will be paid until you either :
    • Return to work
    • Reach state pension age
    • Pass away

Important

If your salary exceeds £192,500 please complete the Telephone Underwriting Consent Form in order for Canada Life underwriting to occur and for you to receive your full benefit.

Contact

Canada Life

canadalife.co.uk

Resources

For more resources and policy documents, visit the internal UK Benefits Hub.