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  • FIRST POST
    • Former MSE Rebecca
    • By Former MSE Rebecca 21st Apr 15, 10:02 AM
    • 113Posts
    • 96Thanks
    Former MSE Rebecca
    Over 50s Life Insurance Plans Guide Discussion
    • #1
    • 21st Apr 15, 10:02 AM
    Over 50s Life Insurance Plans Guide Discussion 21st Apr 15 at 10:02 AM


    Hi,

    We've written a new Over 50s Life Insurance Plans guide for the website and we'd love your feedback.

    How did you find the info? Was it useful? Do you have any other tips you would add?

    Thanks for your help,

    MSE Rebecca
Page 3
    • antrobus
    • By antrobus 18th Mar 17, 3:07 PM
    • 14,657 Posts
    • 20,756 Thanks
    antrobus
    Hi dunstonh,
    Yes she was a Financial Adviser at the Nat1onw1de.
    Originally posted by jintyb
    I think that MSE permits the use of the word 'Nationwide'.

    Anyway, this may be of interest.

    Due to a review of its product range Nationwide is no longer offering the Over 55s Life Cover plan to its customers.

    http://www.nationwide.co.uk/support/support-articles/discontinued-accounts/over-55-life-insurance-cover
    • dunstonh
    • By dunstonh 18th Mar 17, 5:00 PM
    • 87,705 Posts
    • 52,939 Thanks
    dunstonh
    Hi dunstonh,
    Yes she was a Financial Adviser at the Nat1onw1de.
    Originally posted by jintyb
    Put a complaint in. Ignore the factfind bit as that type of product doesnt need one. Nor the fact it is not an investment product. The focus needs to be on why you believe it was no suitable.

    As I mentioned, this product is an option of last resort. When all alternatives should be considered first. So, perhaps focus on the alternatives you think they should have done.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • jintyb
    • By jintyb 18th Mar 17, 5:17 PM
    • 1,730 Posts
    • 17,848 Thanks
    jintyb
    Thank you, will do but will take on board your suggestions. The fact that it was offered during a discussion about other investments when it was apparent that they had plenty of resources to pay for a funeral makes me annoyed! Letter going in this week. Many thanks for that


    you will always be rich enough to be generous.
    • dunstonh
    • By dunstonh 18th Mar 17, 7:16 PM
    • 87,705 Posts
    • 52,939 Thanks
    dunstonh
    Thank you, will do but will take on board your suggestions. The fact that it was offered during a discussion about other investments when it was apparent that they had plenty of resources to pay for a funeral makes me annoyed! Letter going in this week. Many thanks for that
    Originally posted by jintyb
    There you have it. The sum insured on the policy will almost certainly be very low. If there are investments, there would be no financial need for the policy.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • jintyb
    • By jintyb 18th Mar 17, 7:46 PM
    • 1,730 Posts
    • 17,848 Thanks
    jintyb
    Thank you Dunstonh. One last question, can I put in the complaint on behalf of my parents or or do I need to draft the letter and get them to sign it? They are both elderly ( 86yrs)
    I appreciate your comments, thanks again


    you will always be rich enough to be generous.
    • dunstonh
    • By dunstonh 18th Mar 17, 9:15 PM
    • 87,705 Posts
    • 52,939 Thanks
    dunstonh
    Thank you Dunstonh. One last question, can I put in the complaint on behalf of my parents or or do I need to draft the letter and get them to sign it? They are both elderly ( 86yrs)
    I appreciate your comments, thanks again
    Originally posted by jintyb
    They need to sign it. You can draft it though.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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