Canada Life Equity Release
How to Get The BEST Canada Life Equity Release Deal
If you’re aged 55 or older and need a cash boost, the Canada Life equity release plan can offer you an equity release scheme designed to help you achieve your goals.
Canada Life Equity Release Review
I think you’ll agree with me when I say:
It’s REALLY hard to choose the best equity release provider with all the choices available.
Or is it?
Is Canada Life equity release the best?
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Who Are Canada Life?
Canada Life Financial Corporation is a Canadian company that offers life, health, and disability insurance1 for groups and individuals. Founded in 1847, it was acquired by The Great-West Life Assurance Company in 2003, after rejecting a hostile takeover bid by rival Manulife.
Canada Life offers retirement, investment and protection solutions to individuals, families and companies. They have 3.4 million customers, 470,000 pension annuities in force, and manage more than £38.3 billion of equities, fixed income and property, as well as a comprehensive multi-asset range through their investments division. They sell products to individuals and corporate entities located in the UK through financial advisers.
They’re a UK-based subsidiary of the Great-West Lifeco group of companies, which has operations in Canada, the United States, Ireland and Germany. They’ve been in operation in the UK since 1903 and currently have over 1,200 employees here.
Canada Life is committed to being a fair, inclusive company where everyone feels they belong, has a voice and an equal opportunity to succeed and thrive.
Beyond their incredible products and solutions, the firm also cares deeply about strengthening the communities in which they live, work and do business. In 2019, the equity release firm made donations to a wide range of charities and communities, including Shelter, Help Bristol’s Homeless and Histio UK
Their ultimate goal as a firm is to be a leader in retirement, investment and protection products.
Canada Life Equity Release Scheme FAQ's
Canada Life are members of the Equity Release Council.
Learn More: Who Are the Equity Release Council?
Canada Life equity release is a means of retaining use of a house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house.
The ‘catch’ is that the equity provider must be repaid at a later stage, usually when the homeowner dies.
The most obvious pitfall is that the equity provider must be repaid at a later stage, usually when the homeowner dies.
Also, one needs to keep in mind that there will be rolled up interest and that your equity release will have an impact on your inheritance.
Learn More: Is Equity Release a Good Idea 2018
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What People Say
PS – If you’re anything like us, you skipped to the end anyway.
So here’s the scoop – our intention is to help you by finding the best equity release provider so that you can spend the money on something that you really want to, rather than on a high tax bill.⚠️(Spoiler**) Most send us a personal thank you because we do such an incredible job – you’ve been warned. ⚠️