Utility Warehouse (Telecom Plus) Discussion

itfc1959

HappyMJ wrote: »

It isn't life cover. It's accidental death cover. You need to die in an accident which is not covered by any other insurance or claimable against any other third party due to their negligence. i.e you could claim if you accidentally fall down the stairs in your own home crack your head open and die. If an illness caused you to lose conciousness for a second causing you to fall then it won't pay out. If you fall down the stairs in a shopping centre the shopping centre is sued and this insurance does not pay out. If you die in a car accident the third party that caused the accident pays out and this insurance does not. If it's your fault in any way then it's not an accidental death. You must cause your own death completely without fault.

This insurance is almost free due to the rarity of successful claims.

Well, you've just defined 'Accidental Death' so I don't have to! In my original post I did refer to the insurance bit as "Accidental Death" and then called it "Life Cover" in other posts. My mistake, thanks for pointing it out, and I stand duly corrected. Good job I don't do this for a living.

Hopefully none of us, UW members or otherwise, will ever have to make this sort of claim and long may that continue. But, it's nice to know it's there, in case of, well, accidental death. As you correctly point out, other causes of death are adequately covered by other insurances.

MillicentBystander

HaHa........only in the UW thread could a discussion about an energy/telecom supplier develop into an argument about Accidental Death Cover

Maz

MillicentBystander wrote: »

HaHa........only in the UW thread could a discussion about an energy/telecom supplier develop into an argument about Accidental Death Cover

Smells a bit like a desperate need to be always right to me ! Some people, not just on this thread btw, are just determined to find fault, nit pick and jump on every single mistake, just so they feel they are 'right'! * insert rolling eyes smiley here *

Ypaymore

HappyMJ wrote: »

The calls to customer services are not free. They either cost 5p/minute or they cost £12 per year.

Not if use the alternative number 020 8955 5111 option 1 which would come out of your inclusive minutes if you had any.;)

MillicentBystander

I get 'free' calls to them anyway (I like the paper bills being a lazy 'arris and always had the fear I will die an accidental death ) but if I didn't I would use weq4u on my mobile.

slenderkitten

hi i replied to an advert placed on gumtree or wherever about working from home etc a guy called and said i needed watch a video of theirs, but to be honest i STILL dont understand what it is. is it a pyramid type of scheme?

itfc1959

slenderkitten wrote: »

hi i replied to an advert placed on gumtree or wherever about working from home etc a guy called and said i needed watch a video of theirs, but to be honest i STILL dont understand what it is. is it a pyramid type of scheme?

Pyramid schemes are illegal, so it won't be one of those. Remember, UW's parent company is Telecom Plus and they are a FTSE 250 company. I would expect it's based on a network marketing model, which is a well established business model and certainly not illegal, ie, a pyramid scheme.

Whether it is the right business model for you, or if UW has the right product for you to promote is, of course, a matter entirely for you. TAKE ADVICE.

Cardew

slenderkitten wrote: »

hi i replied to an advert placed on gumtree or wherever about working from home etc a guy called and said i needed watch a video of theirs, but to be honest i STILL dont understand what it is. is it a pyramid type of scheme?

As said above 'pyramid schemes' are illegal.

UW operate multi-level marketing.(MLM)

http://en.wikipedia.org/wiki/Multi-level_marketing

Other terms for MLM include pyramid selling,[2][3][4][5][6] network marketing,[7][8][9] and referral
marketing.[10]

It is a pyramid in the sense that Salesman A as well as selling UW products(for commission) can recruit salesmen to work for his team - Salesmen B1(B2, B3 etc) and he gets a commission from their sales. Salesmen B can recruit Salesmen C etc etc.

Before you get involved, check comparison websites for the cost of UW gas and electricty and see if the 'club' is likely to benefit.

Also read Martin's report about UW.

MillicentBystander

Pyramid schemes involved distrbutors signing up new distributors and getting them to 'buy in' at a higher level in the compensation plan by basically buying a load of stock/product, often stuff they simply couldn't sell on. Very very naughty and like has been said made illegal many years ago. Rest assured, I can't see you being asked to buy loads of gas and electric from UW and keep it in your garage! But do bear in mind that just about every trading company in the world that isn't a sole trader/co-operative is basically like a pyramid in the way it operates.

MillicentBystander

Cardew wrote: »

It is a strange definition of a 'troll fight' to correct your statement that UW is competitive for gas and electricity, and point out to readers that indeed UW have some of the most expensive gas and electricity prices for most people - as they can check on any comparison website.

The majority of new UW customers would qualify for energy prices that would be the absolute cheapest in half of the regions if not for the current Spark Energy customer recruitment drive**. Plus all the other benefits having 4 core services offers them. This info is obviously not shown on any comparison site I have seen but it IS a fact.


** This is based on the average OFGEM household consumption figures of 16500 Gas and 3300 Electric.

PS Stop using energyhelpline, we have already established they include the £18 club fee twice when the cheapest UW figure includes a combination of tariffs (low, medium and high).