single premiums

woodymeg

can i just ask have these types of polices been banned, and does any one know from what date x x

di3004

woodymeg wrote: »

can i just ask have these types of polices been banned, and does any one know from what date x x

Hi there
There is a ban on these, a set date I believe for 2010 but I also believe they have stopped selling these type of policies now.
For more info here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you need any help, please post up.:D;)

woodymeg

di3004 wrote: »

Hi there
There is a ban on these, a set date I believe for 2010 but I also believe they have stopped selling these type of policies now.
For more info here:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

If you need any help, please post up.:D;)

Ok thanks di:p

dunstonh

Single premiums are not being banned on all insurance policies. Indeed, in some cases it can be best advice and still suitable.

Its only PPI that single premium is bad and should never have been done as there was no justification.

woodymeg

dunstonh wrote: »

Single premiums are not being banned on all insurance policies. Indeed, in some cases it can be best advice and still suitable.

Its only PPI that single premium is bad and should never have been done as there was no justification.

Ok thanks, i am starting a new claim with welcome finance for my OH he took loan out in jan 09 with single premium, can i say that he was not asked the question if had any other insurances as he had 2 live policies with loans that we had paid off so this would have easily covered him for this loan with welcome. and also the fact it was a single premium charged to him.

di3004

Hi WoodyMeg.
As Dunstonh have said, and also check this link here as well.
http://www.bankingtimes.co.uk/25022009-fsa-bans-sale-of-single-premium-ppi/

woodymeg

di3004 wrote: »

Hi WoodyMeg.
As Dunstonh have said, and also check this link here as well.
http://www.bankingtimes.co.uk/25022009-fsa-bans-sale-of-single-premium-ppi/

would i be able to state that he had 2 live insurances attached to loans that had been paid off at the time he took this loan out, should i send them proof of this , would it help his claim.

di3004

woodymeg wrote: »

would i be able to state that he had 2 live insurances attached to loans that had been paid off at the time he took this loan out, should i send them proof of this , would it help his claim.

I can't see why not.
If you send proof send copies and not the originals.;)