As many endowment policies, taken out in the 1980's, are maturing/due to mature in the coming year; I would be interested to hear from anyone who has received a payment release form that contains any onerous/unusual conditions that implies that the hapless policyholder would be bound by if he/she signs the form.
In September 2011, we received an Aviva payment release form that we were told we had to sign before endowment could be paid. Form also reminded us that by signing we were happy with shortfall amount. We weren't happy so refused to sign.No money arrived until nearly two months after maturity date. On querying this, we were told that we didn't need to sign form after all.
ReplyDeleteBit confusing really. Paul