Miss sold life insurance?

ACG

What!

Do you have children or a wife?

If you do then one life policy would have paid out and your family would be sorted with a paid off house, however they would still be without your income. The other life policy would pay out that could be used to send yout kids to uni, college, on a holiday to get over your death, on anything. Your family would have been so financially secure you should be happy.

dunstonh

and is living a very high life style on money obtained from people like me

With the greatest respect, an adviser does not live a very high lifestyle on the back of small life assurance premiums.

Too late for me to benefit but in time to help my family be more vigilant when taking out mortgages.

So, you do have a family and they would have benefited from the life assurance. All families should have multiple life assurance plans (or segments). One to cover the mortgage and the other to provide for lost income/pension.

McKneff

fergwod wrote: »

Many thanks for the information and advice. I paid into these policies for 13 years and the advisor meanwhile set up his own financial business away from the Building Society he was working with when he advised us... and is living a very high life style on money obtained from people like me, who trusted him. Too late for me to benefit but in time to help my family be more vigilant when taking out mortgages.

Hardly fair, you sound as if you think he conned you, he didnt of course , he offered you the services, you accepted he earned commission, he was doing a job.

You did benefit, you had life insurance, your family benefited from your company instead of being without you as you would be dead.

Which do you think they would have preferred.

You got what you paid for. No con involved.

magpiecottage

Why did you stop paying for the policy in 1996?