Advantages: cheapest I could find Disadvantages: have to die to get the money !
Although Legal & General provide a range of financial products and services, this review is specifically concerned with lifeassurance as that is the area in whjch I have personal experience of dealing with them.
WHY INSURE
I remember, when first married, being quite reluctant to 'waste' money on lifeassurance, when there was so much we needed for the home. However my husband insisted on it so we took out just enough on his life only (the breadwinner) to cover the mortgage and no more.
As it turned out I was widowed early and with three children to bring up, was very grateful to him for his prudence.The mortgage was paid and I was well aware of the need to get my life covered to protect the children should something happen to me.
I would now always recommend a decent amount of life cover and have made sure my children, all ...
Advantages: trouble free investments Disadvantages: not managed by company
Introduction:
I have been a customer of Windsor Life for about 15 years so I thought it might be useful for me to share my experiences with you. I took out a private pension and a long term Additional Wealth Plan with them shortly after buying my home.
A little background on Windsor Life:
Windsor LifeAssurance was purchased in 2004 by Swiss Re Group, which has been a well known insurer to other insurance companies since 1860. Its headquarters in the UK are in Telford and has managed more than 75 million in funds under management. It specialises in investments be they lump sum, regular savings, life insurance or pensions. When I took out my policies it was with General Portfolio, however they then changed name to GAN and then were taken over or sold to Windsor Life.
My good experiences with the company:
I have been ...
When I first made my investment with equitable lifeassurance, I was convinced I was doing the right thing. Assured by the fact the company was in fact Britains oldest mutual society, added weight to the argument. However, a little ove a year down the line and things have changed dramatically. Only a a little while ago in the house of Lord's it was ruled the society had to pay back a lot of money due to something or other to do with pensions. I looked on my account with them (online) and low an dbehind a couple of thousand pounds had been taken from me. The company explained their way around it. Now it has been reported that the company is in dire straits, and is possibly to be insolvent. Equitable seems to be more like a QUITABLE company right now. ...
