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please can anybody help!
salsag
Posts: 1 Newbie
in Credit cards
Hi not sure if this is in the right place but couldnt seem to find how to start a thread for the topic i want to discuss.
I am searching for help/advise,my mum took out a life insurance policy about 20 years ago with the liverpool vistoria,she has paid £25.00 per month on the promise of around £12000 on her death,however they keep writing to her saying that she needs to now pay double the monthly figure to even get £4000 on her death,can they do this? they have said if she leaves the policy now she will get £300!!! this just seems like a crime!.She has paid in much more than the £4000 she is promised on her death,she feels cheated and really upset as she brought three of us on her own and wanted to leave us a little each but now it will only just cover her funeral.She has been to citizens advice who said they can not help her with this matter.PLEASE HELP!
I am searching for help/advise,my mum took out a life insurance policy about 20 years ago with the liverpool vistoria,she has paid £25.00 per month on the promise of around £12000 on her death,however they keep writing to her saying that she needs to now pay double the monthly figure to even get £4000 on her death,can they do this? they have said if she leaves the policy now she will get £300!!! this just seems like a crime!.She has paid in much more than the £4000 she is promised on her death,she feels cheated and really upset as she brought three of us on her own and wanted to leave us a little each but now it will only just cover her funeral.She has been to citizens advice who said they can not help her with this matter.PLEASE HELP!
0
Comments
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Check the terms of the agreement. Some policies can feature an increasing premium, so you need to check.0
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You really need too look at the policy documents to see what sort of policy it was and look at the T&C's in more detail.0
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Sounds to me like some sort of unit linked policy - as zx81 says check the policy document.
This also might be better moved to the insurance forum, rather than randomly being posted in credit cards - there are a number of brokers in there who will help.0
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