dont dismiss AXA just yet (Axa Sun Life)

Member Name: lizii

Product:	Axa Sun Life
Date:	26/04/09 (324 review reads)
Rating:

Advantages: good savings plan paying out after 10 years

Disadvantages: 10 years seems a life time when you start a plan!!!

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 where you get a reasonable amount back. Just try and stick with it and read their FAQ pages.

Summary: Good if you dont want to be tempted by getting your hands on savings easily!!!