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Freedom Plan

The Freedom Plan can prove invaluable in protecting your financial situation against the unexpected events that can happen in life. Through a combination of benefits, this plan offers you and your family peace of mind for the future.

The Canada Life Freedom Plan is a unit linked protection plan, which offers clients’ whole of life assurance.

Subject to benefits chosen by you on your Freedom Plan, Canada Life can pay out a tax-free lump sum if you die, suffer a life-threatening illness or are diagnosed as being terminally ill. You choose the size of the lump sum or income (in the case of Income Protection) you want to receive, and whether you want Life Cover, Serious Illness Cover, Income Protection or all three.

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