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Endowment policy ppi

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Rubymurry
Rubymurry Posts: 1 Newbie
in Reclaim mortgage fees, council tax, etc
Hello and thanks for any help
My parents were sold a endowment policy in the nineties there mortgage is now at the end my father stop paying into the endowment policy about 10 years ago he has been offered a figure which he has agreed to can he claim ppi on this ?

Comments

  • -taff
    -taff Posts: 15,327 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You don't pay PPI on an endowment policy.
    Non me fac calcitrare tuum culi
  • dunstonh
    dunstonh Posts: 119,604 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Confirming above. Endowments could not have PPI on them. The only optional bolt ons for endowment policies were critical illness cover and waiver of contribution. Neither of which are PPI.
    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.
  • roonaldo
    roonaldo Posts: 3,420 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rubymurry wrote: »
    Hello and thanks for any help
    My parents were sold a endowment policy in the nineties there mortgage is now at the end my father stop paying into the endowment policy about 10 years ago he has been offered a figure which he has agreed to can he claim ppi on this ?
    an endowment is nothing to do with PPI in the same way a tin of baked beans is not PPI either
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    roonaldo wrote: »
    an endowment is nothing to do with PPI in the same way a tin of baked beans is not PPI either


    :T:T:rotfl::rotfl::rotfl:
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
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