Canada Life

Canada Life is a Canadian financial services company based in Toronto. Its UK office is in Hertfordshire.

Founded in 1847 by Hugh Cossart Baker Sr, it has been a subsidiary of Great-West Lifeco since 2003. 

Canada Life
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Equity Release

Canada Life

Capital Select Gold

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Gold (Flexible)

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Gold Plus

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Gold Plus (Flexible)

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Lite

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Lite (Flexible)

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Platinum

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Platinum (Flexible)

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Platinum Plus

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Platinum Plus (Flexible)

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Super Lite

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Super Lite (Flexible)

4 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Gold Cashback

3 stars
Early repayment charge (if you repay in year 3 of the loan) 8%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 6%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Gold Plus Cashback

3 stars
Early repayment charge (if you repay in year 3 of the loan) 8%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 6%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Lite Cashback

3 stars
Early repayment charge (if you repay in year 3 of the loan) 8%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 6%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Platinum Cashback

3 stars
Early repayment charge (if you repay in year 3 of the loan) 8%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 6%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Platinum Plus Cashback

3 stars
Early repayment charge (if you repay in year 3 of the loan) 8%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 6%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Capital Select Super Lite Cashback

3 stars
Early repayment charge (if you repay in year 3 of the loan) 8%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 6%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Lifestyle Select Lite

2 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Lifestyle Select Lite (Flexible)

2 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Lifestyle Select Super Lite

2 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Lifestyle Select Super Lite (Flexible)

2 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Lifestyle Select Ultra Lite

2 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve
Number of payments allowed per annum (repayment flexibility) Unlimited

Canada Life

Lifestyle Select Ultra Lite (Flexible)

2 stars
Early repayment charge (if you repay in year 3 of the loan) 5%
Are you allowed to sell and move to a smaller property without paying early repayment charges? i
Is there an admin fee when the loan is repaid? i £200.00
Early repayment charge (if you repay in year 6 of the loan) 3%
Early repayment charge (if you repay in year 12 of the loan) 0%
Can you repay penalty free if one borrower dies or goes into care? i
Is there an admin fee when part of the loan is repaid? i £100.00
Max Partial repayments allowed in a year 10%
Portable
Adding or removing someone to your loan (England and Wales) £550.00
Adding or removing someone to your loan (Scotland) £550.00
Member of the equity release council
Minimum Cash Reserve £1,000.00
Number of payments allowed per annum (repayment flexibility) Unlimited