Life insurance

Tara1995 Forumite Posts: 8
Tenth Anniversary Combo Breaker
 I am hoping for some advice please. I had a life insurance policy, through Barclays, for more than 20 years. During Covid, I received a letter to say that the provider was no longer offering the insurance and that my policy was being cancelled. I had paid quite a lot of money each month for a long time and I am wondering whether it is legal to just cancel an insurance policy like this?


  • DullGreyGuy
    DullGreyGuy Forumite Posts: 6,336
    1,000 Posts First Anniversary Name Dropper
    Are you sure it was Life insurance and not Accident, Sickness and Unemployment (also known as ASU orPPI)?

    Have you looked at your policy wordings? It'll contain the grounds on which the insurer can cancel the policy.

    Lots of ASU policies were cancelled during covid and that's much easier for insurers because it's an annual. policy and so not covered by long term insurance rules. 
  • dunstonh
    dunstonh Forumite Posts: 114,309
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    There are further answers on the duplicate thread that mirror DDG's response above.   

    i.e. it won't have been life assurance as none of those were cancelled because of Covid. But many PPI plans were.
    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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