Friends Life - Life Assured Policy
26 July 2014, 02:03 AM
#1
Scooby Senior
Thread Starter
Friends Life - Life Assured Policy
Multiplan
Currently paying £172.54 per month.
Pays out:
Death £1.00
Permanent and Total Disability £125,499
Critical Illness £125,499
I have been paying in since 10th Sept 1999
The surrender value is £66.99 before charges!
Options sent to me
A: increase to £249.21 per month but expect an increase in 5 years
B: reduce life cover to £93,845 but expect an increase in 5 years
C: increase cover to be sustainable. £526.09 per month
They didn't offer the option I want
Cancel.
Currently paying £172.54 per month.
Pays out:
Death £1.00
Permanent and Total Disability £125,499
Critical Illness £125,499
I have been paying in since 10th Sept 1999
The surrender value is £66.99 before charges!
Options sent to me
A: increase to £249.21 per month but expect an increase in 5 years
B: reduce life cover to £93,845 but expect an increase in 5 years
C: increase cover to be sustainable. £526.09 per month
They didn't offer the option I want
Cancel.
26 July 2014, 06:36 PM
#5
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Join Date: Sep 2006
Location: RIP Tam.
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OMG that sounds like quite a bit of money each month too for that amount of cover.
We have a decreasing life and critical illness policy which only costs 25 a month.
We have a decreasing life and critical illness policy which only costs 25 a month.
26 July 2014, 07:53 PM
#6
Scooby Regular
Multiplan
Currently paying £172.54 per month.
Pays out:
Death £1.00
Permanent and Total Disability £125,499
Critical Illness £125,499
I have been paying in since 10th Sept 1999
The surrender value is £66.99 before charges!
Options sent to me
A: increase to £249.21 per month but expect an increase in 5 years
B: reduce life cover to £93,845 but expect an increase in 5 years
C: increase cover to be sustainable. £526.09 per month
They didn't offer the option I want
Cancel.
Currently paying £172.54 per month.
Pays out:
Death £1.00
Permanent and Total Disability £125,499
Critical Illness £125,499
I have been paying in since 10th Sept 1999
The surrender value is £66.99 before charges!
Options sent to me
A: increase to £249.21 per month but expect an increase in 5 years
B: reduce life cover to £93,845 but expect an increase in 5 years
C: increase cover to be sustainable. £526.09 per month
They didn't offer the option I want
Cancel.
What do they pay out if you shave your head and nut sack in a drunken rage over a food bill?
27 July 2014, 06:52 PM
#7
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Join Date: Nov 2001
Location: Scotchland
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Crikey - Like PaulC above I've got approx £100k Life & citical illness cover that's £15 a month (With Legal & General). Do you have a health history that makes your cover so expensive ?
I assume you have shopped around for cheaper cover as you current premiums seem very high !
I assume you have shopped around for cheaper cover as you current premiums seem very high !
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28 July 2014, 07:55 PM
#8
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Join Date: Nov 2001
Location: Scotchland
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Got a quote for you;
Based on £150,000 over 12 years the best priced policy in the UK would be £22.84 per month with Legal & General
www.lifesearch.co.uk
Based on £150,000 over 12 years the best priced policy in the UK would be £22.84 per month with Legal & General
www.lifesearch.co.uk
28 July 2014, 10:53 PM
#9
Scooby Regular
170 odd quid for fourteen years
Wow
Stick on a mortgage against a property in the south east for the last 14 years and the asset price increase would see you half way to becomming a millionaire
Wow
Stick on a mortgage against a property in the south east for the last 14 years and the asset price increase would see you half way to becomming a millionaire
30 July 2014, 11:11 AM
#12
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That's stupidly expensive.
I'm 31 work offshore in oil and gas industry so fairly high risk.
Pay £72 per month
Pay out critical illness: £400k
Death: £700k
I'm 31 work offshore in oil and gas industry so fairly high risk.
Pay £72 per month
Pay out critical illness: £400k
Death: £700k
30 July 2014, 10:01 PM
#13
Scooby Senior
Thread Starter
Thanks for the replies. Sadly it looks like I took my eye off the ball here and have blown the cash. Gonna cancel and take a look at some of the alternatives mentioned.
The wife likes my shaved head btw :-)
The wife likes my shaved head btw :-)
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