St James's Place Life Assurance Premium Hike

opinions4u

Don't forget to take out suitable alternative cover though!

Doorman76

The policy is not voided.

The policy is still in effect and can be reviewed in 5 years time.

So effectively my wife has received 10 years of free life and critical illness

dunstonh

The policy is not voided.

if they are refunding the premiums plus interest, then this indicates that they are voiding the policy. That is the normal outcome in a complaint like this that gets upheld.

So effectively my wife has received 10 years of free life and critical illness

That would be very unusual and you should verify that the policy is being allowed to continue.

Doorman76

The policy is definitely still in effect.

We were given 2 options
1) Receive payments plus interest and cash in the policy

or

2) Receive payments plus interest and keep the policy until the next review date in 5 years time. At that time we can cash it in or choose to keep it.