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ModernMillie wrote: »
Is it legitimate to take out these plans if you have been diagnosed with a terminal illness? I've read the ts&cs, and the MSE guide that says they can be lucrative if you play the odds (and live past the minimum qualifying period of 12 - 24 months), but it just seems a bit too good to be true, and not 'in good faith'.
Williams18 wrote: »
Very useful, how about the British seniors plan, they pay out all monies paid in regardless of how long you live!!
JLW07 wrote: »
I've come across the British Seniors Guarantee - New Lifetime Payback Guarantee which, as it states, guarantees to return the amount you've paid in.
Not sure whether to believe the hype - has anyone else heard of this policy?
Pablo_Banez wrote: »
So what is the answer, both my wife and i havent any life insurance and we are both in our late 50s. If these plans are such poor value what is the answer to cover for anything happening.
Plenty of negatives, but no positives
dunstonh wrote: »
Take out a normal life assurance plan (typically a term assurance but some may have a whole of life assurance need). These are better than the over 50s life insurance.
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