Legal and general..medical rating?

dpshaw1976

Hi everyone, new to the forums here....
my question...... whilst trawling through old paperwork, looking for any sniff of PPI, I stumbled upon a letter from legal and general from august 2011 telling me my premium was being reduced, as when I started the policy my premium included an extra for a "medical rating"
anyone have any ideas? should I pursue incase I have been overcharged, as policy begin in 2004?
any help would be greatly appreciated.
thanks

dunstonh

anyone have any ideas?

You havent given us much to go on. However, it is not uncommon for insurance policies underwritten on the basis of medical questions to have terms imposed or a premium increased for a defined period.

PPI isnt medically underwritten though. So, it wouldnt have been that.

should I pursue incase I have been overcharged, as policy begin in 2004?

If it was a rating for a defined period then you have not been overcharged.

Weighty1

IT's not often that life insurance plans have temporary ratings which are removed after a number of years. The most common scenario I have come across for this is for clients who have previously had cancer. Normally the insurer will include a premium loading for a set number of years after which the premium will drop down.

Secondly, it doesn't sound like you've been overcharged. It sounds like they've applied an increase due to your health and then removed that increase at a time they feel is appropriate for you to be seen as a lesser risk.