Canada Life, formally known as Stonehaven and Retirement Advantage, has offered equity release plans since 2006. Their products are available to anyone over 55 who is in need of a lifetime mortgage. They provide a variety of different types of equity releases, while maintaining their award-winning status. Canada Life follows all Equity Release Council and Financial Conduct Authority requirements including the no negative equity guarantee. Their products come with fixed interest rates for the life of the loan, with a transfer option, as well as interest only lifetime mortgage product.