mis-sold life and ci
Options
sammy66
Posts: 72 Forumite
I have a life and ci policy on a decreasing term which is upin 2016. I took this on when I took over the mortgage when my ex left. I no longer have this mortgage but am still paying this life premium. I don't no why I took this out as I have no dependants and get full pay from work for accident and illness could I claim for mis-sold?
0
Comments
-
I don't no why I took this out as I have no dependants and get full pay from work for accident and illness could I claim for mis-sold?
Critical illness cover does not overlap with any of the things you have mentioned. So, that part doesnt appear mis-sold. Whilst you are single and have no dependants (and that includes anyone living with you who may share bills), you have no need for life assurance. However, the cost difference between standalone CI and life and CI is often so insignificant that many people will include it. Sometimes it is less than £1.
So, it really depends on how the advice was documented.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
This discussion has been closed.
Categories
- All Categories
- 343.6K Banking & Borrowing
- 250.2K Reduce Debt & Boost Income
- 449.9K Spending & Discounts
- 235.7K Work, Benefits & Business
- 608.7K Mortgages, Homes & Bills
- 173.3K Life & Family
- 248.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards