reduction in assurance payout
Posted Mar 2, 2011 by anonymous | 138 views | 0 comments
My wife and I have had 2 assurance policies with Abbey Life which were started around 1982. They were for £20,000 each on first death. (Not much today but then was sufficient) Abbey Life has since reduced this payout value to £15000 and £11000, premiums remaining the same. They say it is becuase the invested funds have not been sufficient. I feel conned. Is this what they do with every customer towards the end of a policy i.e. when a payout is increasingly more likely?
No comments yet. Be first!