mortgage protection scheme...is this ppi?

accy

Moneyineptitude wrote: »

That's grossly unfair to those who have legitimate claims.

Very good point....but i want to know if i have a legitimate claim...
For the simple reason i can't remember 20 years ago shouldn't mean i just ignore it

[Deleted User]

accy wrote: »

Very good point....but i want to know if i have a legitimate claim...

So what you do is some research of your own, not put in a fraudulent complaint.
Here are the steps you follow:
http://www.moneysavingexpert.com/reclaim/ppi-loan-insurance

burty8899

accy wrote: »

Very good point....but i want to know if i have a legitimate claim...
For the simple reason i can't remember 20 years ago shouldn't mean i just ignore it

as i have just said, the onus is on YOU to prove you were mis-sold. so your going to ring the bank and say i think i was mis-sold, they ask why - what are you going to say i can't remember?

thats evan before we get to the issue of not having paperwork that far back.....

dunstonh

First snag... Standard Life are a life assurance company. So, it wont be MPPI. So a complaint about PPI when its not PPI isnt going to get far.

Very good point....but i want to know if i have a legitimate claim...
For the simple reason i can't remember 20 years ago shouldn't mean i just ignore it

They wont know if you have or not. You need to give them your reasons for complaint.

magpiecottage

dunstonh wrote: »

First snag... Standard Life are a life assurance company. So, it wont be MPPI.

Absolutely - Standard Life never sold it.

So a complaint about PPI when its not PPI isnt going to get far.

Absolutely.

Whether the OP agreed to PPI or not, it seems he never had it.

An easy rejection.

Actually, my guess is that this is Mortgage Protection Assurance - a term assurance policy designed to pay off the balance of the mortgage if you die during the term (that is why it is called Term Assurance).

roonaldo

dont think you're going to get a freebie here.
PPI is only refundable if mis-sold. You now think you may not have agreed to something 20 years ago, it doesnt stack up.
oh yeah, what you are on about isnt PPI.

magpiecottage

roonaldo wrote: »

oh yeah, what you are on about isnt PPI.

And Standard Life will have underwritten it at outset - so you could hardly not have known about it.

yrwyddfa

Good day to you all
So now we have got to the bottom of what it really is, my point is who is responsible for the broken promise to add terminal bonuses that do not even equal the preium paid each year. What on earth have SL being doing with the money (apart from paying it to shareholders)?
Your thoughts and comments would be appreciated
TIA

dunstonh

So now we have got to the bottom of what it really is, my point is who is responsible for the broken promise to add terminal bonuses that do not even equal the preium paid each year.

Bonuses are not added to term assurances or mortgage protection. The only mortgage related contract that got bonuses were endowments.

What promises are you referring to?