Have you ever had a Whole of Life policy with Skandia Life?
You could be owed £1,000s in compensation if Skandia Life mis-sold you your Whole of Life policy.
Many consumers have been mis-sold their Whole of Life cover by Skandia Life. Skandia Life failed to inform a lot of customers that some Whole of Life policies were linked to the stock market which had an element of risk.
If the savings element of the Whole of Life policy was not performing well, the customer would be at risk of not receiving the full amount of the death benefit, in some cases Skandia Life failed to inform their customers of this risk.
If you believe you were mis-sold your whole of life policy by Skandia Life, start you claim by completing the form opposite.
Skandia Life mis-sold Whole of Life policies in many different ways:
- Skandia Life did not make the customer aware that their Life Cover was linked to the Stock Market.
- Skandia Life did not tell the customer that they had to have a 10 year review face to face by the advisor.
- Customers were not told by Skandia Life that if the savings element of the Life Cover is under-performing then they either have to increase their premiums or reduce their Life Cover.
- Skandia Life failed to inform the customer that a Savings element attached to Life Cover may not have been the best option for them.
Have Skandia Life mis-sold you your Whole of Life Policy?
You may have been mis-sold your Whole of Life Policy by Skandia Life if any of the following is relevant to you:
- I did not ask Skandia Life to set-up my whole of life policy.
- I was not informed by Skandia Life that my Life Cover premiums could fluctuate.
- I was told by Skandia Life that my Life Cover would pay the full amount on first death.
- Skandia Life made me feel pressured into taking out the whole of life policy.
If any of the above reasons for complaint are relevant, you could be entitled to:
- Refund of premiums paid to Skandia Life for your whole of life policy.
- Compensation interest at 8% per annum of any compensation from the point of sale.