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Critical Illness cover on mortgage ISA?

ganners_2
ganners_2 Posts: 2 Newbie
in Reclaim PPI & other insurance
hi,
I took out an ISAs back in 2000 to be used like an endowment to pay back my mortgage. I've been paying into it each month since then but have subsequently changed to repayment mortgage and have been keeping the ISA as a savings vehicle for retirement. I've just noticed that I've been paying Critical Illness cover on this ISA since it started (in addition to the Life Insurance I was aware of). Is this PPI?
thanks
Sarah

Comments

  • dunstonh
    dunstonh Posts: 120,279 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is this PPI?

    No. It is Critical Illness cover
    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.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    dunstonh wrote: »
    no. It is critical illness cover

    lol.................
  • dunstonh
    dunstonh Posts: 120,279 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    _Andy_ wrote: »
    lol.................

    There was really no other way to put it. Its a bit like asking if a car is a motorbike. or is a banana an apple.
    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.
  • ~Brock~
    ~Brock~ Posts: 1,715 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    dunstonh wrote: »
    There was really no other way to put it. Its a bit like asking if a car is a motorbike. or is a banana an apple.

    yeah but its still insurance and therefore missold innit.
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    ~Brock~ wrote: »
    yeah but its still insurance and therefore missold innit.

    Of course - all advisers should know in advance who is going to have to claim and only sell to them - and even then should not do so until just before they are going to have to claim.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    ~Brock~ wrote: »
    yeah but its still insurance and therefore missold innit.

    You missed out 'compensation' and 'rip off'. C'mon get with the programme.
  • dunstonh
    dunstonh Posts: 120,279 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I would type a longer answer but I am now off to try and get compensation as I havent had to claim on my house insurance. Got to be someone to blame for that.
    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.
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    dunstonh wrote: »
    I would type a longer answer but I am now off to try and get compensation as I havent had to claim on my house insurance. Got to be someone to blame for that.

    I'm afraid your post is null and void as there weren't any exclamation marks used. Post has been reported.
    Please read the forum guidelines and next time use at least six, preferably with some word in CAPITAL LETTERS and a few question marks, to indicate shock and a 'how dare they' mindset.
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    dunstonh wrote: »
    I would type a longer answer but I am now off to try and get compensation as I havent had to claim on my house insurance. Got to be someone to blame for that.

    I am SO glad my kids cannot get FOS to rule on the suitability of my parenting.
  • ganners_2
    ganners_2 Posts: 2 Newbie
    thanks guys - it was a genuine question from someone clearly not as smart as you all think you are.
This discussion has been closed.
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