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  • FIRST POST
    • Lindabugs
    • By Lindabugs 7th Aug 18, 11:22 PM
    • 2Posts
    • 0Thanks
    Lindabugs
    Insurance
    • #1
    • 7th Aug 18, 11:22 PM
    Insurance 7th Aug 18 at 11:22 PM
    Hi there I wonder if anyone can help me. My husband left the forces 20 years ago. While serving he paid a insurance policy with Forces Insurance covering him if he was shot etc. He paid this for 25 years. He paid by direct debit and continued to pay for the next 20 years. He was contacted by another Insurance company saying they were merging and that his peremuims were increasing. My husband rang them and it came to light the policy was no longer available as he was no longer serving and was cancelled imediately. My question is as my husband was no longer serving he wasn't covered so should the Insurance company refund twenty years of paid premiums? Thank you for any help
Page 1
    • Lindabugs
    • By Lindabugs 8th Aug 18, 9:52 AM
    • 2 Posts
    • 0 Thanks
    Lindabugs
    • #2
    • 8th Aug 18, 9:52 AM
    Refund of peremuims
    • #2
    • 8th Aug 18, 9:52 AM
    [size="6"[/size]
    hi there i wonder if anyone can help me. My husband left the forces 20 years ago. While serving he paid a insurance policy with forces insurance covering him if he was shot etc. He paid this for 25 years. He paid by direct debit and continued to pay for the next 20 years. He was contacted by another insurance company saying they were merging and that his peremuims were increasing. My husband rang them and it came to light the policy was no longer available as he was no longer serving and was cancelled imediately. My question is as my husband was no longer serving he wasn't covered so should the insurance company refund twenty years of paid premiums? Thank you for any help
    Originally posted by lindabugs
    • TSx
    • By TSx 8th Aug 18, 10:47 AM
    • 775 Posts
    • 539 Thanks
    TSx
    • #3
    • 8th Aug 18, 10:47 AM
    • #3
    • 8th Aug 18, 10:47 AM
    Has he asked them?
    • Weighty1
    • By Weighty1 8th Aug 18, 10:58 AM
    • 374 Posts
    • 173 Thanks
    Weighty1
    • #4
    • 8th Aug 18, 10:58 AM
    • #4
    • 8th Aug 18, 10:58 AM
    Generally once a plan is set up it is a policyholders responsibility to ensure it still meets their needs. How would the forces insurer be expected to know your husband had left the forces?

    That said, certain forces specialist products, like PAX insurance, are available to ex-forces members (XPAX in this example) and I've had many clients who are ex-forces who go on to do work such as maritime security work were there is still a risk of things like being shot, shrapnel wounds etc, so just because your husband wasn't in the forces doesn't necessarily mean he wouldn't have been able to claim had he been in a situation were a claimable situation arose.
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