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Missold by Nationwide ?
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No - I did not disclose this at the time - but then I wasn't asked any medical questions at all - which is the whole basis of my argument !!!
If I had put in a claim - would Nationwide have paid out ?
or would they have said "non disclosed medical problems" ?
If the latter - then I am surely entitled to compensation for misselling ?
I have already covered those questions in the way PPI normally works with pre-existing conditions. Perhaps the best thing for you to do is contact the insurer and get it straight from the horses mouth. Is they say they would cover you in non-related conditions then you know you dont have a complaint. if they say they wouldnt cover you then you have a complaint and not only that, you have the name of the person at the insurer who told you that you were not covered.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 -
My argument is that - should I have lost my job in the 3 years that the policy ran for - Nationwide would not have paid out - since I have "health issues" and despite the salesman realising this at the point of signing - no mention of my pre-existing conditions were made on the policy .....
Yes it would have paid out.
If you are made redundant, pre-existing conditions are irelevant. You just need to satisfy the conditions of the unemployment part ie signing on for JSA.
Pre existing conditions are only excluded on claiming on the sickness part of the policy. If its a new illness you will be covered.
So your arguement is incorrect.0 -
I note that the OP says the policy was sold to protect against losing their job, in which case it was fit for the purpose for which they bought it.0
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Yes it would have paid out.
If you are made redundant, pre-existing conditions are irelevant. You just need to satisfy the conditions of the unemployment part ie signing on for JSA.
Pre existing conditions are only excluded on claiming on the sickness part of the policy. If its a new illness you will be covered.
So your arguement is incorrect.
Mine was "pre existing" - but I was not asked any medical questions when I applied......0
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