moneysavvy
Registered User
- Messages
- 13
Well, like many couples who took out Life Insurance back in the 80s and hoped they would be able to afford to continue paying the unit linked reviewable premiums as they aged, we too got a big surprise to find how much the Insurance Companies increase the premiums to offer the same or a lot less cover than we started off with. It wouldn't be too bad if there was a reasonable encashment value you could opt for - but many couples have had to cancel these policies with no refund after years of paying to make these Companies even richer. Now these type of policies are prohibited for sale these days - what does that tell you - and the Ombudsman has just conveniently washed his hands of this problem. But I appeal to you like minded people to join me and give the Industry a fight before we all give in to their bullying.