Income protection

Bossy40

I would like to check on a situation regarding income protection and if a claim would be possible.... I expect not to due to age etc... here goes.... Back in 1994 my first mortgage via the black horse at the time advised on using a pension to pay the endowment (those days!). The pension plan was taken out with Scottish Widows in 1994 and had income protection added to the policy... I had this for about 4-5 years at which time new job, pension/house/mortgage so payment stopped into this plan..... Unfortunately I forgot about the IPP on the policy and the time I realised was when calling they advised that the policy had zero fund and the £5k had been used to pay the IPP!!!..... ok I should have read the statements but I just felt and still do to this day frustrated about not only losing the £5k but 5yrs pension.... I expect I have no recourse but thought I'd ask?. PS last pension statement 2016 noting IPP even though no funds its like rubbing it in....

dunstonh

The pension plan was taken out with Scottish Widows in 1994 and had income protection added to the policy.

I suspect it was not Scottish Widows you took it out with but Black Horse Life. The rebranding would come later. The old BHL permanent Health Insurance policy was actually a very good product. It was back in the days when bank products could actually be quite good. A little dated by todays standards but good its day.

I expect I have no recourse but thought I'd ask?.

None whatsoever.

Bossy40

Thanks for reply. The policy was pure income protection for a stated payment due to loss of earning. Just wanted to check as I did not want in many more years to find I may have a case.