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guarateed over 50 plan with Santander

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Hi
My brother-in-law has been offered a guaranteed over 50 plan(he will be 80 next birthday).. His bank manager seems very keen on this!
Personally, I think its not suitable for him as he is single with no family

Comments

  • Farway
    Farway Posts: 14,658 Forumite
    Part of the Furniture 10,000 Posts Homepage Hero Name Dropper
    freedom wrote: »
    Hi
    My brother-in-law has been offered a guaranteed over 50 plan(he will be 80 next birthday).. His bank manager seems very keen on this!
    Personally, I think its not suitable for him as he is single with no family

    You are right, why on earth would a single 80 old need life insurance, and at no doubt high premiums given the age

    "His bank manager seems very keen on this" Well he would given the commision this will generate from AXA Sun Life plc who provide it
    Eight out of ten owners who expressed a preference said their cats preferred other peoples gardens
  • He'll probably need to live another 2 yrs for it to pay out on death. All a bit dodgy and pointless.
  • He'll probably need to live another 2 yrs for it to pay out on death. All a bit dodgy and pointless.
    Absolutely
    Just goes to show how underhand Santander is.
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