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American Life/ Alico/ ReAssure

Hi all,
I took out a well woman policy out with the above company nearly 15 years ago and was told that I would receive all my premiums back after 15 years if I hadn’t made a claim. They now tell me that’s not the case and I’m not going to get anything. Has anyone else had this problem? I think I have been conned!!! Please advise. Thanks in advance

Comments

  • SonOf
    SonOf Posts: 2,631 Forumite
    1,000 Posts Fourth Anniversary
    What does your policy document say? (or the schedule or the statement of demands and needs - depending on when in 2005 you did it).
  • wannapayoff
    wannapayoff Posts: 225 Forumite
    Part of the Furniture 100 Posts Combo Breaker I've been Money Tipped!
    Hi all,
    I took out a well woman policy out with the above company nearly 15 years ago and was told that I would receive all my premiums back after 15 years if I hadn’t made a claim. They now tell me that’s not the case and I’m not going to get anything. Has anyone else had this problem? I think I have been conned!!! Please advise. Thanks in advance
    Hello! 

    Next March is my 15 years and I was told 2 years ago that if I’ve made 15 years of payments without claiming on it I will get my premiums refunded.

    ive paid £13.90 a month and never missed a payment and have not made a claim.

    when I took it out it was a Wellwoman policy with American life

    now currently reassure..

    they can’t just change their mind as that is misselling 

    did you manage to sort this out?
    Living in our forever house!
    Two little princesses
    :grouphug: <
    I find this disturbing!
  • dunstonh
    dunstonh Posts: 120,609 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    they can’t just change their mind as that is misselling
    It is not misselling.   A missale is a wrong doing at point of sale.   This appears to be an issue post sale.
    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.
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