Standard Life Income Protection Plan

[twillardo]

Hi,

 

Took out a Standard Life Income Protection Plan in 1995, after reading some of the post's regarding these plans, now believe it was not required as I was entitled to Full Company Sick Pay. at the time it was sold the Financial Advisor informed me that I could use up my Company Sick Pay, then apply for the Income Protection when the Sick Pay ran out, can this be deemed as mis-selling

 

Thanks in advance

[honeybee13]

Hello there.

 

I'll move your thread to the insurance forum, as I believe this is a life assurance plan.

 

Could you tell us a bit more please? Would you have needed to claim on the Standard Life policy because your company sick pay would have run out, as the adviser said?

 

My best, HB

[twillardo]

Hi HB,

 

Thanks for the response.

 

The advisor said once my Company Sick Pay ran out I could claim on the Standard Life Plan, at the time I took out the plan my Company Sick Pay had a maximum of 6 weeks on full pay, the advisor recommended that to continue to meet my commitments that this plan would do this.

 

Thanks

[honeybee13]

Thank you for that.

 

And do you think the policy would have done what the adviser said it would please? I mean, after 6 weeks or a bit longer when your company sick pay ran out, would you have been able to claim off the Standard Life policy?

 

HB