Axa Sunlife

Super

Thanks for all your help ReportInvestor. Ive lost a bit of dosh but its not irrecoverable in the long run.

ReportInvestor

What a healthy, constructive approach to take to the problem.

Good luck with your future savings & investment choices, Super. I'm sure you'll find plenty of ideas on the site.

myrtle_2

not heard anything back yet..

BONJOEY

hi reportinvester, even though i have sent the forms of to cash in, i did ask for a maturity value issustration which is as follows, i hope this helps anyone else who took the policy out around 2001

my policy was 10 a month increasing 2 pound a year to 20 , for the last 10 years,

DATE OF MATURITY; OCT 2016

4%PA 8%PA

GUARANTEED CASH SUM, £2400 £2400

COMPOUND BONUSES EXISTING NOW £161 £161

ILLUSTRATED FUTURE BONUSES £659 £1489

TOTAL £3220 £4050


so if i paid in for the 15 years i would of paid in £3260

as if the rate of growth would ever get to 4% i would stil be worse off!!

hope this helps someone:o

Lovingitifitsabargain

Result - first offer was 460.00 If you have been following my story you will know I was having none of it and wrote again requesting it all back and today they have deposited 1,293.18 into my account - thank gawd I never agreed to the first offer (unlike my daughter who took the first offer without realising and now is kicking herself ) so don't take first offer hold on and demand the whole lot back !
Good luck to you all -x-

myrtle_2

blimey, well done!

Lovingitifitsabargain

myrtle wrote:

blimey, well done!

My daughter is now going to write to them and say not only did they midlead her with the policy but also on what she was entitled back - so they have pulled the wool over her eyes twice - unfortunately she accepted her measley 300 quid a couple of weeks before I put in for my settlement it was only reading this forum that I decided to go for the whole lot - well it's her money so why shouldn't she have it all back - we come from the same household took our policies out the same time so whats different ! I'll keep you posted

cybershot_2

hi just had my marurity letter,

Started policy in feb 2000, starting off at £10 and rising to £20 as is now,

i did get the cash back after 12 months.

The maturity is as follows :

4%pa- guaranteed lump sum £2214
compond bonus exicting now £278
illustrated future bonuses £648
TOTAL

---

£3140

And at 8%pa-
its same figures as above besides the illustraded future bouses being

---

£1388
And total

---

£3880.

donna_dynamo

yes i am another mug who took out a cash builder plus and i am so glad i found this thread. I started paying £20 a month in 2001 and it went up by £4 a year this year i am paying £36 a month. So fas i have paid to AXA £1680 i phoned up and my settlement figures was £812. I was wondering did any one else when they took out there policy get half there first years payments back. I have wrote to them to claim mis-selling but i have heard nothing yet. As I took out the poilcy March 2001 I think that i would come under the mis-selling dates

myrtle_2

got my 'we are investigating your complaint and you should hear within 4 weeks' letter today.....