Cancelling Natwest Life Insurance

Dazzarazza

I have a policy with Natwest and found Cheaper with First Direct, so thinking of cancelling.

When cancelling such a policy is there anything i should be aware of? Also, would it be a case of going into a branch to cancel

Natwest charging me £10.08 and FD quote is £5.75

yelf

simply cancel the direct debit

adamc260

yelf wrote: »

simply cancel the direct debit

I'd say the ring them up and cancel and not do that, incase they try get you for saying you stopped paying and want a fee for this

Dazzarazza

thanks both, just wondered if there was any kind of penalty.. guess not

Annisele

Make sure the new policy is in place before you cancel the old one.

That might mean that you end up paying two premiums for one month - but it's far better than cancelling the old one only to find that FD won't actually offer you cover at £5.75 and nobody else will cover you either.

Dazzarazza

Annisele wrote: »

Make sure the new policy is in place before you cancel the old one.

That might mean that you end up paying two premiums for one month - but it's far better than cancelling the old one only to find that FD won't actually offer you cover at £5.75 and nobody else will cover you either.

Thanks, i think when i was doing the quote it asked me if I had other cover.. in this case I would need to answer yes would i not, as in reality i would have other cover until the Nwest is cancelled?

"Please state the amount of any other life assurance which you will have in place in addition to this plan. This should include any applications that are being applied for at the same time as this plan. You may exclude any death in service benefit provided by your employer"