Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Buster23
    • By Buster23 10th Aug 18, 11:17 PM
    • 23Posts
    • 0Thanks
    Buster23
    Standard Life Mortgage Protection Plan
    • #1
    • 10th Aug 18, 11:17 PM
    Standard Life Mortgage Protection Plan 10th Aug 18 at 11:17 PM
    Hi
    Looking for some advice. When I first took out a mortgage, I was advised to take out protection just incase I took I'll & was unable to work & unable to pay my mortgage. I took one out with Standard Life & I tried to make a claim, and was told that I was not covered as it was only critical illness cover that I had. Would I be able to claim against this & how do I go about it? Thanks for taking the time to read this.
Page 1
    • Moneyineptitude
    • By Moneyineptitude 10th Aug 18, 11:21 PM
    • 22,316 Posts
    • 11,897 Thanks
    Moneyineptitude
    • #2
    • 10th Aug 18, 11:21 PM
    • #2
    • 10th Aug 18, 11:21 PM
    Critical Illness Insurance is not PPI (Payment Protection Insurance).

    So there doesn't appear to be anything you can complain about

    Sorry.
    • Buster23
    • By Buster23 10th Aug 18, 11:26 PM
    • 23 Posts
    • 0 Thanks
    Buster23
    • #3
    • 10th Aug 18, 11:26 PM
    • #3
    • 10th Aug 18, 11:26 PM
    Should I cancel this when my mortgage is paid off or should I continue to pay it?
    • Moneyineptitude
    • By Moneyineptitude 10th Aug 18, 11:39 PM
    • 22,316 Posts
    • 11,897 Thanks
    Moneyineptitude
    • #4
    • 10th Aug 18, 11:39 PM
    • #4
    • 10th Aug 18, 11:39 PM
    Should I cancel this when my mortgage is paid off or should I continue to pay it?
    Originally posted by Buster23
    That's your own choice. If you think the insurance is useful then continue, if not then cancel.

    Don't complain on the forum, though, if you subsequently develop a Critical Illness and so cannot claim...
    • Nasqueron
    • By Nasqueron 11th Aug 18, 11:43 AM
    • 5,804 Posts
    • 3,513 Thanks
    Nasqueron
    • #5
    • 11th Aug 18, 11:43 AM
    • #5
    • 11th Aug 18, 11:43 AM
    Hi
    Looking for some advice. When I first took out a mortgage, I was advised to take out protection just incase I took I'll & was unable to work & unable to pay my mortgage. I took one out with Standard Life & I tried to make a claim, and was told that I was not covered as it was only critical illness cover that I had. Would I be able to claim against this & how do I go about it? Thanks for taking the time to read this.
    Originally posted by Buster23

    You bought critical illness cover, that is why it wouldn't pay out for some other issue (lost your job or had some illness not covered I guess?). You can complain of course but it is highly likely there is an extensive set of documents showing you were told what you were buying and agreed to it. Perhaps look into some form of income loss cover or speak to an advisor about the policies you need going forwards.
    • dunstonh
    • By dunstonh 11th Aug 18, 1:46 PM
    • 95,362 Posts
    • 62,975 Thanks
    dunstonh
    • #6
    • 11th Aug 18, 1:46 PM
    • #6
    • 11th Aug 18, 1:46 PM
    I was advised to take out protection just incase I took I'll & was unable to work & unable to pay my mortgage. I took one out with Standard Life & I tried to make a claim, and was told that I was not covered as it was only critical illness cover that I had.
    Were you actually told that or is that just bad memory recollection or just saying that in the hope you can put in a complaint? (be honest, we have seen people here do similar. It's all anonymous here so you can say with no harm).

    The reason I say that is that it seems strange that you claim that you were advised to take out an insurance if you cannot work yet not actually have an insurance that does that.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,001Posts Today

8,303Users online

Martin's Twitter