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Pablo_Banez wrote: »
So, how many years would you suggest? and which company?
broxbourne wrote: »
Hi - for conformation please ... as per article our Aunt received a letter from Sun Life to increase her policy from £8.00 to £12.00 per month, as payout would not cover her eventual funeral .. She had being paying £8.00 a month since 1993 .. we have just realised they cancelled this in 2010 and sold her a new policy to take it's place ... she has lost 17 years previous payments ... is this right and just ?
In 2010, during a meeting with their bank regarding investments,my parents asked their Financial Advisor for advice re funeral plans. They had banked ( and still do) with this bank for many years and dealt with and trusted this particular woman at the bank. She advised they take out a funeral plan which turns out to be a over 55 policy from Sun Life.
A financial "health
check" was not carried out and my parents were not made aware at the outset that these policies would have no surrender value and that they would be paying them until they died.
I feel I should write to complain on their behalf. They are both now in their late eighties.
jintyb wrote: »
Yes she was a Financial Adviser at the Nat1onw1de.
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