Canada Life is continuing to add more products and sales strategies into the web-based, Novinsoft-developed, Canada Life Illustrations tool – available through Workspace.
It includes the launch of a new, first-of-its kind in Canada, participating life insurance product designed for charitable giving. It gives clients the ability to choose a registered charity who will be both the owner and beneficiary of the policy.
This innovative product, called My Par Gift, addresses the needs of both a client who wants to support a charity and the chosen registered charity. It provides clients with a simple, one-time payment option that is eligible for a donation tax receipt.
The first product available in the Canadian insurance market designed solely for charitable giving.

In addition to accessing My Par Gift illustrations, agents can now also create critical illness insurance illustrations online.
Canada Life expanded the strategies section of the online Illustrations to include Corporate Estate Transfer+ in addition to Estate Transfer+.