Life insurance question on endowment questionnaire

dolphy

I'm filling in the standard questionnaire issued for endowment compensation claims.

It asks if I had life insurance in the form of a policy at that time. I seem to remember having a paltry policy that didn't pay much but I guess it was life insurance.

Am I right in thinking that having a policy would have reduced my need for life insurance in an endowment? Or does it swing the way and show that I was prepared to take risks in taking out a policy where my money was invested out of my control? I'm trying to think like they do to gauge whether having a policy was good or bad.

Does anyone know if life insurance automatically came with an endowment (I remember him using it as a selling point for having one) or was it something that was added?

Thanks in advance

Dolphy

defender_of_the_weak

It would be easier if you posted which company has sent the questionnaire, it may not be necessary to try and second guess anything

dolphy

Thanks DOTW, it is Standard Life.

defender_of_the_weak

if your complaint is with Standard Life the probability is that they will uphold your case without even returning the questionnaire, based on their investigation of your pre-existing file. If you want to return the questionnaire with a few blanks or can't remember it generally make s no difference

dolphy

Thanks DOTW. I've spent a lot of time on this questionnaire, locating exact details of the mortgage, rates, thinking back to the advice we were given etc. Am I perhaps doing more than is necessary do you think? I imagined there to be a basic list of boxes and depending on which ones, or however many you tick, determines whether your case is upheld and ultimately, how much compensation you receive. I looked into some case studies earlier and life insurance featured as one of the reasons for a mis-selling, because the customer didn't require it. This is all new to me but I bet you've seen hundreds of similar postings to this, so I am happy to be guided by your wisdom in these matters (without liability of course).

They'll probably take one look at my carefully completed questionnaire, toss it in the bin and shout NEXT..!

Dolphy

defender_of_the_weak

Dolphy

If you bought your policy through the Halifax, as many thousands did, the only items you need to cover are

I did not want to take a risk that my mortgage may not be repaid and I was single with no need for life cover. 99% plus of all Standard life cases are upheld by the company first time and correctly redressed. We are arguing the remaining 1%

I obviously do not know if general experience is different to this but have no reason to assume anything or than this type of pattern

dreamylittledream

DOTW experience is much the same as our own.

The reason being that the fact finds used by Halifax advisers at that time do not contain sufficent information to allow them to justify the sale...

dolphy

Thanks DOTW, I'll stop faffing now and just send it off, I like to think I've covered every angle but now its driving me insane.