1. You weren't adequately advised about the premium reviews
The premium on a Whole of Life Policy is reviewed at certain intervals, which means customers can suddenly find themselves being asked to massively increase their premiums or accept reduced life cover at a time when they actually need it.
2. You weren't advised about the term of the policy
Most people only need life cover for certain commitments for a set number of years. Once these commitments cease, the policy becomes an expensive ‘bonus' benefit on death. Other types of life cover - known as term assurances - have set terms and are often far cheaper and more suitable for many people. Did you know this?
3. Your existing cover wasn't properly taken into account
Your adviser should have thoroughly assessed your existing life cover or savings products and options. If you were sold life cover when you already had enough, or were told to use your policy as a tax-free savings product when other more suitable products were available, then you were probably mis-advised.
4. You weren't properly informed about the investment risks
Did you know that the surrender value could be less than expected because an element of the value could have been going towards the life policy premiums?
5. You weren't fully aware of the costs tied into the policy
Apart from the risk of rising premiums and the cost of an indefinite term, these policies were loaded with high charges and fees from the start. Did you know this?
So what does all this mean to you?
Having read the statements above, you may now think that you've been mis-sold a Whole of Life policy. If that's the case, you've been the victim of financial injustice and we'd be proud to take on your claim - and make sure you get the outcome you deserve.
What can you do to seek compensation?
There are two main choices open to you. You can claim on your own, or use an expert like us. Now you may understandably want to know a little more about EMCAS - and why people choose to trust us with their claims.
If, however, you're ready for us to pursue your claim, we'd be delighted to help. If you've been mis-sold a Whole of Life policy, you deserve financial justice.
Request a call back from one of our friendly, down-to-earth advisers by clicking here.
We'll call you back at a time convenient to you - and get the process started.