Whole of Life Claim

If you were ever sold a Whole of Life policy, you could be owed thousands of pounds in compensation.

We can get you compensation to pay back the money you lost and put you in the position you would be in if you had been given the correct financial advice.

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Free, no obligation call
to discuss your options.






No policy number?

No problem, we can trace that for you.
Even if you have cashed the policy in and you have no paperwork.

What could I be due?

If it transpires that you were mis-sold a Whole of Life policy, you could be eligible for:

Not sure if you've had a Whole of Life policy?

Not everyone is sure what type of policy they were sold. Don’t worry, you are not alone. We take calls from people everyday in the same situation. Here at It IS Your Money we are able to find out what policy you were sold, as long as we know the provider.

I took the policy out years ago

Do not worry if this is you, we are able to track back through financial records and find out all the details we need to get you the compensation you deserve. Having your policy numbers will help, but we are also able to track these for you if this information is not in your possession as you may have cashed in the policy some time ago.

I can’t find any paperwork!

All we need to know is who you took the policy out with, more information can help, but as long as you know the provider, we can do the rest for you.

Main reasons for mis-sale

There are a number of different options available when taking out life assurance. Many advisors chose the Whole of Life policy for the consumer rather than a term assurance, often not giving them enough information to make an informed choice.
Many consumers were not advised that the Whole of Life policy would be reviewed in later years.

Many advisors did not discuss the possibility of the life cover amount reducing or the premium needing to increase.
Many advisors did not take into account the level of experience consumers had.

A whole of life policy has a stocks and shares investment element that has potential for some returns but also comes with increased risk that often didn’t match the attitude of the customer.

A personal service with the same claims manager looking after you throughout the claims process

A No Win No Fee Service*

A service where we aim to have the claim settled within 8 weeks

Whole of Life Claim Facts

You can have your money in as little as 8 weeks

Once your policy provider has received the complaint, they must conform to the 8 week timescales set out by the Financial Conduct Authority to bring your case to conclusion.

You can only complain once

Many people decide to try and complain about their policy on their own to then find it is much more difficult than they expected and their complaint is rejected. Once a complaint has been made, you cannot ask an expert to make a new complaint on your behalf.

It does not matter if your policy has been surrendered.

Regardless of whether your whole of life policy is still in force, if you have suffered financially because of the policy, you can make a complaint.

Is your Whole of Life provider no longer in business? No problem.

As long as your policy was taken out after August 1988 then it is covered under the FSCS (Financial Services Compensation Scheme). This is a government body set up to deal with financial claims for providers regulated by the FCA that have ceased trading and have been declared in default.

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