Sun Life Assurance and PPI

dorsetmoneysavingexpert

During my working life I had three endowment policies (starting in 1974) with Sun Life which were used to guarantee and eventually pay off my mortgage. One policy has the words "protection against forfeiture " on the schedule.
So I wrote to what I thought Sun Life was called these days "AXA Sun Life?" and got a response back saying I needed to write to Friends Life in Bristol. So I did this and have had no reply after a couple of months. Can anyone suggest who I should approach?

Thanks

Nasqueron

Approach about what? What are you trying to achieve?

Endowment policies are not PPI

dorsetmoneysavingexpert

A friend of mine made a similar claim on the basis that payment protection was an element of the life insurance premiums. Hence my phrase "protection against forfeiture". He got £9k so I thought it might be worth having a look at the situation.

PS recently got £360 from M&S charge card used in the 90's just for asking .

macca1974

I don't think that Protection from Forfeiture means what you think it does (although I'm not sure what it would mean on a 1974 policy...). However, if you are complaining about advice that was provided, then 1974 is way way before regulation which I think came in at the end of the 1980's so I'd be surprised if you are successful on this. Just out of interest, did the endowments provide what they said they would?

Nasqueron

dorsetmoneysavingexpert wrote: »

A friend of mine made a similar claim on the basis that payment protection was an element of the life insurance premiums. Hence my phrase "protection against forfeiture". He got £9k so I thought it might be worth having a look at the situation.

PS recently got £360 from M&S charge card used in the 90's just for asking .

M&S card sum is "go away" or "auto pay" money, probably a guess unless they had documents.

You said you had an endowment policy, not a combined MPPI / life insurance policy?

Can you clarify what you had?

dorsetmoneysavingexpert

I moved house three times and each time took out a larger mortgage and another Sun Life insurance life policy. I ended up with three endowment policies which were "with profits" life policies which would pay up on my death. They were assigned to the Halifax BS as collateral on my mortgage. As they matured they eventually paid off my mortgage by the mid 90's. What I am looking for is to see if there was any element of payment protection in those policies. As I said earlier a friend of mine discovered this but with another insurance company.

McKneff

There would be no PPI attached to any Endowment Policy.

Your friend must be mistaken about what he was paid out for