Life Insurance Discussion

dunstonh

could i claim this back as mis sold as i was already covered?

Why do you think it was mis-sold?

Accidental death cover is a bit of a gimmick. Very few people die as a result of an accident and the sum insured is very low. You agreed to take out a larger amount and get full life assurance rather than just accidental. Nothing in there suggests any mis-sale.

As long as you have a financial need for life assurance then it wont be classed as a mis-sale.

also i got a loan so they upgraded my account to advantage gold i said i didnt want the ppi and she said she would put it on to help it go through and i could cancel it later but i never received information for how to cancel and then i forgot about it, any ideas or information would be great x

You have potential grounds there and you should visit the reclaims PPI section for more details on what you should do.

mrsdarbs

Does anyone have any experience with Tesco's??

Wutang_2

mrsdarbs wrote: »

Does anyone have any experience with Tesco's??

Yes many do - I particularly like their fruit

starrystarry

mrsdarbs wrote: »

Does anyone have any experience with Tesco's??

We got our life assurance through Tesco. Not had any problems with them. Mind you, unless one of us snuffs it we won't know whether their service is any good will we?

mrsdarbs

Wutang wrote: »

Yes many do - I particularly like their fruit

Thanks for your comment! :rotfl:

mrsdarbs

starrystarry wrote: »

We got our life assurance through Tesco. Not had any problems with them. Mind you, unless one of us snuffs it we won't know whether their service is any good will we?

Thanks I think I will go with them and cancel the policy I have with L & G - once I've checked whether that has critical illness with it or not that it!

dunstonh

Biggest problem with Tesco's life insurance is that it has reviewable premiums and not guaranteed. That's partly why its cheaper.

starrystarry

dunstonh wrote: »

Biggest problem with Tesco's life insurance is that it has reviewable premiums and not guaranteed. That's partly why its cheaper.

Mine isn't reviewable.

baklava

My fiance and I are currently buying a small house at the moment. Our repayment mortgage every month will be around £650. Both of us could pay this if either of us lost our jobs etc. Do we need mortgage life assurance?

Wutang_2

baklava wrote: »

My fiance and I are currently buying a small house at the moment. Our repayment mortgage every month will be around £650. Both of us could pay this if either of us lost our jobs etc. Do we need mortgage life assurance?

Life insurance pays out a lump sum if either of you die - it has nothing to do with your monthly mortgage payment.