Is this a PPI claim?

eyres

My Husband and I took out PPI with our mortgage back in 1997. I did feel fully informed and almost had to use it when my husband was made redundant - only limitation was it didn't kick in for three months and fortunately he had a new job by then. Anyway we sold our house in 2003 and were fortunately able to pay off the mortgage. We were going to stop the PPi payments but were STRONGLY encouraged to keep it going on the basis of a life insurance element of the cover this is at a cost of £44 a month. Having recently been doing some paperwork sorting I found the original documentation and found that the life insurance was calculated not on what has been paid in but on the remaining mortgage value, so as there is no longer a mortgage the life insurance appears to have no value and we would have never been able to claim.

So with all the recent activity re PPI does this count, not as a miss sale, but as a inaccurate sales practice to encourage us to pay into something we would never be able to claim back. Should we take this further and if so how?