Critical Illness Cover

leo01

My othr half works for BT and does get quite a good payout if anything happened to him. We did not have any dependants when we took the policy out as our son was 25 years old. The cover is decreasing term assurance.

dunstonh

The cover is decreasing term assurance.

I would go for it then.

Key points being that:

1 - they sold you cover that you already have covering the same financial need.
2 - failed to complete a needs analysis or ask about existing plans resulting in the sale of a policy you didnt need.

Death in service doesnt normally get included for mortgages but is for family protection. I dont think you need to go there though as the above two points should be enough.

magpiecottage

I agree with DunstonH - on the basis of what you have said, you seem to have a case.

They may argue that the CI was not available without the life cover (if that is the case) but they should then have explained it was an extra expense for cover you did not need but they could not offer the CI without it.

They would not then have needed to tell you that, in fact, other providers can provide standalone CI.

di3004

Great help and advice dunstonh & magpiecottage.

leo01

Hi Dunstonh. I really appreciate all your help and advice. I will contact Natwest and see what they have to say.:T
Thanks also to Magpie Cottage.:T
It really is great to know that there are very informative and helpful people on the Forum.:p

di3004

leo01 wrote: »

Hi Dunstonh. I really appreciate all your help and advice. I will contact Natwest and see what they have to say.:T
Thanks also to Magpie Cottage.:T
It really is great to know that there are very informative and helpful people on the Forum.:p

Good luck leo01, they are fab ain't they?:T;)

leo01

Yes they are and thanks also for your help:beer:

halphy

Fantastic advice! Good luck leo