AXA Sun Life Over 50 Plan

Having taken out the Over 50 plan I did not expect to receive a brochure from a local funeral service.

I am not dying to use it!!!

Very helpful staff member talked me through the policy and explained fully the details. Very helpful and bubbly nice change from some companies who try to rush you. Would definitely reccomend.

Sandra mcclaren york.

How can any life insurance policy pay out less than you put in ? This like other plans from LV and others know with current life expectacy that you are going to pay in more than you are going to get get back. The law needs to be amended so that you get at least what you have paid plus a reasonable

interest return plus a death benefit if you die before the average life expentancy. These plans are great if have a terminal illness and know you are going to die shortly after the policy stipulations, otherwise restrict yourself to the minimum monthly installment otherwise you could be seriously out of pocket

my mother in law was sold this policy in 1998 she has to pay £12 a month and has done since then an estimated £1,600 to date and still having to pay or she loses everything the amount payable on death is £1120 she could live at least another 5 years bringing in to them a total of about £2,320 giving them a nice profit of £1,200 if she stops now she loses everthing welldone to all at sun life you well know how to play the game!

The full truth should have been told before the purchase!

Just researched the AXA Sun Life 50 Plus Protector Plan as Parky is advertising it on TV. When you do the figures you spot that if you take it out at age 50 and say pay in £20 monthly, year 1, £21 monthly yr 2 etc. After 2 years you will have paid out £492 and receive £6,206 if you die. Assuming a 2% annual rise in inflation this will actually be worth £5957.76. If you die after 19 yrs of paying in aged 69, you will have paid out £6,612 and receive £10,609. But because of 2% inflation yr on yr, this will only be worth £6,577.58, a net loss. If inflation is any higher on average over this time then the moment you are paying out more than you receive comes at a younger age if you die. The policy makes sense if you think you need to cover your family in case you die between the ages of 50-68. You are also gambling on how much inflation will rise. The insurance company's risk is that you will die young, and they hope you will have a long life. They are expecting most people to live longer so that they are in profit.