PPI - Canada Life??

maureen_champion · 11 August 2019 at 6:51PM

In December 2001 my husband and I took out a Canada Life Loan Protector Plan policy to cover our mortgage. This was sold to us by a Financial Consultant for Canada Life. Can you tell me if this comes under PPI and if so do we make a claim to Canada Life? I did not see this name on the MSE website.

Thanks
Maureen C

Nearlyold · 11 August 2019 at 8:14PM

As far as I know the Canada Life Loan Protector Plan can provide Life Cover, Critical Illness Cover and Disability cover. The current version does not cover unemployment thru redundancy. It would seem sensible cover to have if you have a mortgage, not sure what you mean by "come under PPI". If you want to claim on the policy because you have suffered an insured event (assuming the policy is still live) then you would contact Canada Life.

If you want to complain about the policy and assuming the consultant worked directly for Canada Life you would contact Canada Life in the first instance - giving reasons in your complaint why you believe the policy should not have been sold to you - Do you have any particular issue with the policy that means it was unsuitable for you?

SonOf · 11 August 2019 at 11:35PM

. This was sold to us by a Financial Consultant for Canada Life

I didn't know Canada Life had a salesforce. Most of what they do was via intermediaries.

Can you tell me if this comes under PPI and if so do we make a claim to Canada Life?

No. its not PPI.

PPI - Canada Life??

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free