We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A&L Savings and Life Cover
Options
Comments
-
lol, thanks masonic... I got a bit over excited and did my maths wrong
Proud to be a MoneySaver! 0 -
Don't like complicated products. I might be cynical but where you get high rates and transferring money from a to b etc etc there's usually something else somewhere in the small print.
If the insurance companies aren't making money out of it surely they wouldn't be doing it. Simplicity & transparency. Why can't companies be straightfoward. Minor rant.0 -
It should be noted that the insurance company is not making (or losing money) on this beyond their normal business. A&L are using the commission that L&G pay them to offset the interest rate payable.
In effect, you are buying an endowment if you do this. If you dont need the life cover, its going to cost you. If you do need the life cover, then you can get it a lot cheaper from an IFA even on maximum commission let alonea discount IFA.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards