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Axa Sun LifeNewest Review: ... 10 years ago. I was currently paying £20 a month having started with £8 a month, (getting half my first year premiums back -very nice) Last month I just couldnt afford it any more and cashed it in and got £2155 back about 3 weeks after sendiing the forms in. I was also worried about stockmarket crashes etc and thought maybe I would lose it all so things worked out great for me. If you look on their website it gives an indication as to the amounts you can get back compared to how much you paid in. I believe that 10 years is the crucial time span where you get a reasonable amount back. Just try and stick with it and read their FAQ pages.... more |
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by Alan Fleming - written on 05/07/09
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Upon the death of my Father I have contacted AXA by e-mail and phone asking for a claim form for his over 50 Plan. No response to the e-mail, and a promised claim form never arrived.
I have had previous experiance with this company that lead to me sending their claims department a copy of the F.S.A regulations on the paying of claims - they just seem to avoid payment.
The advice columes of the Sunday papers also contain numerious complaints against AXA, if they do not want to pay claims then they should be prevented from Underwriting business. This site will not allow a no star rating hence the 1 star awarded.
by William Attwood - written on 06/06/09
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My wife died 28 months after taking out over 50s plan, i sent a copy of the death certificate and recieved payment a few days later.
I was so impressed with sun life that i took the over 50 plan myself.
by - written on 26/04/09 (Somewhat useful, 293 readings)
Rating:
I disagree with what people are saying about axa not paying out! I had a 15 year with profits plan which I took out 10 years ago. I was currently paying £20 a month having started with £8 a month, (getting half my first year premiums back -very nice) Last month I just couldnt afford it any more and cashed it in and got £2155 back about 3 weeks after sendiing the forms in. I was also worried about stockmarket crashes etc and thought maybe I would lose it all so things worked out great for me. If you look on their website it gives an indication as to the amounts you can get back compared to how much you paid in. I believe that 10 years is the crucial time span ... Read the complete review
by HOW DARE THEY KEEP ALL MY MONEY!!!! - written on 14/02/09
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I took out my policy 10 years ago it is a 15 year policy, but at the time i took this policy out i asked if need be can i cash it in at any time for emergencies and still get my returns , i was told i could but not in the first year as administration fees etc .i thought thats fair enough, in the current climate i decided to cash it in .i pay £18 a month so imagine my horror when they told me the surrender value is £27.93!! and even if i pay for the full 15 i will be lucky if i get back half off what i have paid in ,i would never recommend axa to any off my friends and have told them of this horror and would never use them again, so beware !!!
by - written on 28/03/08 (Useful, 734 readings)
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Beware very poor service in paying out by AXA when you cancel your savings plan. I joined the AXA Cashbuilder Plan in 2003 and this year after reviewing the benefits that I will get after 15 years, I decided to cancel my plan as I thought it is not value for money. After 15 years the savings and small bonus earned will be greatly devalued in buying power term. I called the AXA Helpline to cancel my plan, and was promised many things like sending surrender forms, asking me to send them a letter, cheque to be sent to me within 7-10 days, send them a fax, etc, but I have not received anything after 6 weeks. It is apparent that AXA is using the delaying tactics when come to ... Read the complete review

