74 year old with PPI

roonaldo

Cardif Pinnacle did accident policies and hospitalisation policies for ages 65 to 74 that was payable by Single premium.

it was typically done through brokers who sold loans through some of the dodgy subprime lenders. as it was providing a monthly benefit it was considered a type of PPI.

heres a bit copied and pasted from policy in 2002. if sold correctly it may not be mis-sold, although it now may not been deemed appropriate to sell insurance to a 74 yr old.

Eligibility

To receive cover under this policy

you must meet the following conditions on the loan

acceptance date:
(i)

you are an existing borrower or a new borrower and require cover under this policy;

(ii)

you live in the United Kingdom, the Channel Islands or the Isle of Man; and
(iii) you are aged between 65 and 74 years.

dunstonh

roonaldo, that is a dire product. The sort of product that the seller ought to refund in 99% of cases.

roonaldo

dunstonh wrote: »

roonaldo, that is a dire product. The sort of product that the seller ought to refund in 99% of cases.

lol, yeah it is dire, i wasnt condoning it. sold just for the sake it of selling something