Canada Life International Limited is an offshore life assurance company based in the Isle of Man and we celebrated our 21st anniversary during 2008. This marked over two decades of our providing wealth management solutions to clients in the United Kingdom. In July 2008, the ratings agency Standard and Poor’s recognised the Isle of Man’s stability of government and strength of economy by awarding the Isle of Man a rating of ‘AAA’ for the eighth year running.
We currently have assets under administration of £5.1bn (as at 31/12/08) and we work in close partnership with some of the world’s largest investment specialists. In terms of financial strength we have been awarded a 5-star unit linked rating for the last six years, from actuarial consultants AKG. In determining their ratings, AKG also consider the financial strength of the parent group.
We are a subsidiary of the Great-West Life Assurance Company, owned by Great-West Lifeco Inc. With assets under administration of £191bn (as at 31/12/08), they are the largest Canadian life and health insurance company. Great-West Life Assurance Company was awarded financial strength ratings from Fitch Ratings and Standard & Poor’s of AA+ and AA respectively (as at 30/09/08).
Canada Life International Limited is pleased to offer two products on the TWFP:
The Premiere Account
The Premiere Account is a single premium offshore life assurance policy designed for someone looking to defer the effect of direct UK taxation on their investment whilst retaining access to the investment or wishing to take a regular income from the investment.
The Wealth Preservation Account
The Wealth Preservation Account consists of a number of Canada Life International policies and a trust. This structure is designed for someone who wants to reduce their potential Inheritance Tax bill and is happy to give away a sum of money in order to do so. It also provides the opportunity to link the performance of the plan to a wide range of investment funds or cash deposits. The plan also provides optional annual payments to support existing income or other financial planning needs.
For further documentation please visit our website, www.canadalifeint.com
For further information on transferring of existing bonds on to the platform, please click here
We are based in the Isle of Man and our policyholders are protected by the Isle of Man’s Life Assurance (Compensation of Policyholders) Regulations 1991, should we become unable to meet our liabilities to them. The compensation scheme would meet up to 90% of Canada Life International Limited’s liabilities to policyholders.
Canada Life International Limited, St. Mary’s, The Parade, Castletown, Isle of Man IM9 1RJ Telephone: +44 (0) 1624 820200 Fax: +44 (0) 1624 820201 Web Site www.canadalifeint.com Registered in the Isle of Man No. 33178. Member of the Association of International Life Offices. Canada Life Group consists of Canada Life Limited, Canada Life Asset Management Limited (both authorised and regulated by the Financial Services Authority), Canada Life International Limited and CLI Institutional Limited (Isle of Man registered companies authorised and regulated by the Isle of Man Insurance and Pensions Authority). All promotional material produced is approved by Canada Life Limited
| Premiere brochure | Premiere key features | Premiere charges and fees | Wealth Preservation Account client guide |
| Wealth Preservation Account key features | Wealth Preservation Account tariff |
| Contact Name | Phone Number | |
|---|---|---|
| Business Services | 01624 820399 (Option 2) | businessservices@canadalifeint.com |
| Technical Support | 01624 820377 | bizserv-techserv@canadalifeint.com |
As an independent wrap provider, and because we were formed by IFAs for IFAs, we understand that each one of your clients can have very specific and individual needs. Due to the subjective nature of these needs, we will leave the comparison of the Product Partners up to you.
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