We are a dedicated claims management company specialising in financial mis-selling within the Irish Financial Services Sector. Our aim is to provide a solution and service to the thousands of consumers who believe they have been mis-sold or misinformed when obtaining financial products and services.

 

Finance Claims have done in a few weeks what I was unable to achieve in 18 months. They are knowledgeable, professional and kept me updated throughout. I would definitely recommend their services to my friends and family

Mrs O’Sullivan

 

Mis-Sold Life Insurance

Are you one of the thousands of people who have been mis-sold life insurance?

Was the policy you were sold not appropriate for your circumstances?

Many Banks and Insurance Companies are cold calling their clients and pushing protection policies on them.
Even in cases where the client doesn’t need the additional insurance. If you are already adequately insured then this is a waste of your money.

In many cases you will already have life or mortgage protection insurance with your Bank and you are probably paying well over the odds for this convenience. The Bank is not obliged to get you the best price for their insurance. When did you last receive a call from the Bank? Did they try and offer you a reduction in cost for your existing protection…probably not, far more likely they tried to sell you something else.

Did you know that you don’t have to buy your Mortgage Protection or Life Insurance from your Bank? Many people wrongly think that when they buy their mortgage from the Bank that they have to buy their Mortgage and Life protection too. This is not true. Typically we find that our clients have bought several insurance products from their Banks in the belief that they had to buy it with the Bank. They are generally paying way over the odds for these additional insurances.

Did your Bank adviser

Investment or Life Protection or both?

Typical areas where clients are mis-sold life insurance include Whole of Life, Mortgage Protection, Endowment Mortgages, Standalone Life, and Inheritance Tax Life policies. Life policies which combine an investment and life protection together are generally the worst of both worlds. If you want a good investment policy then this should be done separately from a life policy and visa versa. Unfortunately the Banks are great at flogging the products to unsuspecting customers.

If someone has called to your door recently trying to sell you insurance you need to be very careful. They are pressure selling and will probably misinform you and sell you an inappropriate policy.

Were you fully informed of potential premium increases?

Whole of life insurance and investment linked policies can be very costly.  Many people are not aware that premiums increase over the life of the policy.

Have your premiums been increased to the point that they will soon be unaffordable or already are?

If you were not made aware of the scale of these increases or not informed of any future 'reviews' you may be able to claim back the premiums you have already paid, keep your insurance cover and receive compensation for your financial loss.

Our team of solicitors will investigate your situation and if we feel you have been mis-sold we will manage your claim with your Insurance Provider from start to finish, updating you every step of way.

We aim to recover all premiums paid, plus interest and compensation for suitable investment opportunities missed because of your mis-sold policy.

FAQ's (Life Assurance)

Q: How long will my claim take?

A: Each case will differ on it’s own merit and other factors will contribute to the length of time the process will take, such as how fast and co-operative financial institutions will be in releasing documents and whether or not legal proceedings will be issued. However we estimate that once a claim is commenced it is anticipated it will take approximately 6 to 9 months at least to complete, but may take longer depending on the circumstances of each case and the manner in which it is dealt with by the Lender and the legal process. Time for the performance of the Services shall not be of the essence.

Q: Can we still have life cover once we have received a refund and compensation?

A: Yes and your insurance provider will have a legal responsibility to provide you with an alternative product.

Q: Can I claim myself?

A: Yes, however lots of people prefer their claims to be managed by a professional claims management company with industry expertise.

Q: Do you charge a fee?

A: Yes we charge an review fee of €295inc vat for life insurance claims. This fee is our underwriting and review fee which becomes payable after we have made a free review of your case and are happy to take it on. We will also take a success fee of 25% inc vat of the amount of compensation we recover on your behalf.

Q: Do you keep me up to date

A: At any point in your claim you can call us for a full update of your claim. We will also provide regular updates to keep you informed of all key matters relating to your claim

Q: Will I get all my premiums back?

A: We will use our best endeavours to try and retrieve your premiums plus interest and loss of earnings from investments you could have made.

Further reading

If you’re concerned about the spiralling cost of the whole of your life insurance policy, but weren’t told about the potential increases when you signed on the dotted line, then Finance Claims could make your retirement more relaxing.

You could claim back all the premiums you’ve already paid, keep your insurance cover . . . and walk away with compensation for your financial losses in overpaid premiums.

Did you overpay premiums? In many cases people have been charge premiums as smokers even though they have indicted they were non-smokers

Finance Claims is here to offer a managed claims service to people who’ve been mis-sold insurance policies.

Contact Finance Claims if you can answer yes to any of the following:-