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Sat Nav For Approx. £6
lic
Posts: 275 Forumite
I've just seen the Sunlife advert on telly. If you take out an over 50 plan, they will give you a sat nav as a welcome gift. (if you don't want this you can have a digi camera, case of wine or dvd player). The plan can be cancelled at anytime, it's whole of life, so you do not get any money back.
It looks great if you are over 50, as when you get the gift you cancel the plan. If you are not over 50 yet, you must know someone who is. Pay them the money to open the plan, they get the free gift, and hopefully give it to you, they then cancel the plan.
If you go to https://www.over50plan.co.uk you will see the terms and conditions. There does not appear to be any catches, you must have the plan for over 30 days, ther is no medical required, and they say you are guarenteed to be accepted.
If they take longer than 30 days to send you the sat nav it will cost you more than the first months payment of £6, so it could cost you £12, or £18, but I think its the cheapest way to get one!
It looks great if you are over 50, as when you get the gift you cancel the plan. If you are not over 50 yet, you must know someone who is. Pay them the money to open the plan, they get the free gift, and hopefully give it to you, they then cancel the plan.
If you go to https://www.over50plan.co.uk you will see the terms and conditions. There does not appear to be any catches, you must have the plan for over 30 days, ther is no medical required, and they say you are guarenteed to be accepted.
If they take longer than 30 days to send you the sat nav it will cost you more than the first months payment of £6, so it could cost you £12, or £18, but I think its the cheapest way to get one!
Lic.
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Comments
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Looks like a plan.Can I cancel the Plan?
You should make sure that you understand this product before taking out a Plan. For added peace of mind from the day you receive your policy documents, you will have 30 days in which you can cancel your Plan. We will refund any premiums paid should you cancel for any reason during the 30-day period.
After the initial 30 days you may cancel your Plan at any time by notifying us in writing. But remember, if you do cancel your life cover will stop and you'll get nothing back. As long as you continue to pay your monthly premiums, your Plan cannot be cancelled by us for any reason.Bet match total as of 04/10 = God Knows + About £1000 Quidco. Time for Mrs Huddsta to have a crack!!!
The Bronze Challenge - earn £250 in profits =£73.320 -
Looks like a plan.Can I cancel the Plan?
You should make sure that you understand this product before taking out a Plan. For added peace of mind from the day you receive your policy documents, you will have 30 days in which you can cancel your Plan. We will refund any premiums paid should you cancel for any reason during the 30-day period.
After the initial 30 days you may cancel your Plan at any time by notifying us in writing. But remember, if you do cancel your life cover will stop and you'll get nothing back. As long as you continue to pay your monthly premiums, your Plan cannot be cancelled by us for any reason.Bet match total as of 04/10 = God Knows + About £1000 Quidco. Time for Mrs Huddsta to have a crack!!!
The Bronze Challenge - earn £250 in profits =£73.320 -
Read the Big Print
How much will it cost to arrange this Plan?
For assisting in the arranging of this Plan, AXA Sun Life plc will provide AXA Sun Life Services plc with commission and support based on the size of the premium. This commission will be worth on average £117.84 based on a male aged 60 paying a premium of £10 a month. This is a one-off payment, made immediately on the Plan being set up. All the charges for setting up the Plan, including the commission are included in the premiums you pay.
Now, what happens if you immediately cancel, "This is a one-off payment, made immediately on the Plan being set up." Does that mean its now a debt?
Basically I don't know, but you need to find out.0 -
That seems to read that AXA Sun Life Services plc are paid by AXA Sun Life plc for selling you the policy. I can't see why that would affect the policy holder.Bet match total as of 04/10 = God Knows + About £1000 Quidco. Time for Mrs Huddsta to have a crack!!!
The Bronze Challenge - earn £250 in profits =£73.320 -
Does anyone know how good the sat nav system is? Doesn't look bad for £6. I'm sure I can get one of my ageing parents to sign up ha ha0
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Hi,
looks ok, don't see any catches, first premium free, though I don't suppose that qualifies for free gift.
Pay the first premium, give it a couple of weeks and then cancel, by that time free gift should be on the way or......... wait until free gift arrives before cancellling, but that might mean paying more than one premium.
Oops, forgetting about bonus, if I die before cancellling then somebody will get one and half times my paid premiums. :rotfl:0 -
Completely OT AFAICS and very Spammish????DazzaMc wrote:My mum got a flyer about this the other day.
It had a clearer photo than website of the sat nav, so could pick up manufacturer. Cable and wireless.
Never heard of them. Here it is on amazon, though - £150!
Reviews aren't the best though
Cable & Wireless CWSNS-1000 - GPS Navigation System - With UK & European Maps
http://www.amazon.co.uk/Cable-Wireless-CWSNS-1000-Navigation-European/dp/B000AYAZZQ/ref=pd_ecc_rvi_1/026-2526658-8586805?ie=UTF8&qid=1172964468&sr=8-240 -
As a policy, the over 50s plan is usually poor value for money and relies on gimmicks and corny advertising to be sold.
If you cease the plan, there is a clawback of commission from the agents that get paid it (in this case Sun Life as they act as agent and provider). The clawback cannot be applied to a consumer as it would be a breach under the FSA's TCF guidelines unless a fee agreement has been signed (which it isnt in this case).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Your translation sirDazzaMc wrote:Eh? In english please??
Off topic as far as I xan see and has qualities that would be appropriate to a Spam posting. The abbreviations are not uncommon in board and email communications and the post has little to do with insurance.:beer:0
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