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Lloyds double insurance???
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ohmsoft
Posts: 280 Forumite
Hi - not sure if this should be here, in loans or even in vents.....but
Just got off the phone to Lloyds TSB arranging a loan - before the rates go up!
Told them I didn't want payment protection insurance but knew they would try to sell it but quite surpised I got...
Do you have life cover? - I said plenty to repay loan.
Do you cover if you were sick/accident? - Yes I have sepeterate ASU policy.
Do you have cover for unemployment? - Yes (as above)
Do you have CI insurance? - No I don't.
They put all this together and then insisted I was under insured and should therefore take their PPI - Isn't this a blatent attempt to sell me dual insurance, surely if all I need is CI (and perhaps permenant income insurance) I should just buy that?
Or am I being unreasonable???
Ta
Just got off the phone to Lloyds TSB arranging a loan - before the rates go up!
Told them I didn't want payment protection insurance but knew they would try to sell it but quite surpised I got...
Do you have life cover? - I said plenty to repay loan.
Do you cover if you were sick/accident? - Yes I have sepeterate ASU policy.
Do you have cover for unemployment? - Yes (as above)
Do you have CI insurance? - No I don't.
They put all this together and then insisted I was under insured and should therefore take their PPI - Isn't this a blatent attempt to sell me dual insurance, surely if all I need is CI (and perhaps permenant income insurance) I should just buy that?
Or am I being unreasonable???
Ta
0
Comments
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Ask them how they have decided whether you are underinsured without completion of a factfind? How are they able to make such a recommendation without knowing the facts?
If you dont want it and think you dont need it, then dont take it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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