LFE Canadian Life Companies Split Corp

Canadian Life Companies Split Corp. ("CLC Split") declares its regular monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable November 10, 2008 to shareholders on record as of October 31, 2008.

Since inception Class A shareholders have received a total of $4.20 per share and Preferred shareholders have received a total of $1.86 per share inclusive of this distribution, for a combined total of $6.06.

CLC Split invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Life, Industrial Alliance, Manulife Financial and Sun Life Financial. Shares held within the portfolio are expected to range between 10-30% in weight but may vary at any time.

Distribution Details:

Class A Share (LFE):                 $0.10

Preferred Share (LFE.PR.A)           $0.04375

Ex-Dividend Date:                    October 29, 2008

Record Date:                         October 31, 2008

Payable Date:                        November 10, 2008

Contacts: Canadian Life Companies Split Corp. Investor Relations (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) Website: www.lifesplit.com