Hi AlphaB.

Nobody can insist that you take out life insurance.

It's a matter for you alone.

Hi AlphaB

Interesting? I wonder why they are insisting you take out life cover? The dreaded commission strikes again!!

As TDA says, they have no say in your expenditure whatsoever.

Mark

You are quite right AlphaB - if you don't need life cover then you should not be taking it. This has nothing to do with your trust deed whatsoever and nobody should be trying to sell products to you on the back of it.

After a couple of months of no calls, they have started again! Trustdeedscotland are calling several times a day, normally silent phone calls but once got a guy telling me I must take out their life insurance for my TD that they arranged 18 months ago...

Now their latest advert on the tv features actress Tamara Kennedy telling us that we can trust trustdeedscotland as they don't cold call and all their advisors are specially trained.

I've managed to find an email address for one of their directors so i have sent him an email. Politely asking him to make sure my number is removed from their calling list and warning him if I continue to get calls I will report them for making false claims in their tv advert.

I wouldn't trust them no further than I could throw them. They must need the commission to pay for their tv adverts.

Morning AlphaB,

Taking our life insurance has nothing to do with a Trust Deed as others have already pointed out.

I'm sure that an email to the director will soon stop the calls.

I think Chris means "out" rather than "our"!

I went with RSM Tenon via TrustDeedScotland.net and I too had a phonecall. It was once, about a year and a half ago, it was lengthy as the guy was difficult to get off the phone, but I made it clear they better never contact me again. He was offering £400000 of cover for what I remember as being around the same price as I pay for £150000 of cover. I took my policy out to run until my youngest (now 17) reaches the age of 21. He said that if I took out the policy with them it could be placed in trust so if I died, my creditors wouldn't get a penny of it. Tried to scaremonger me in to the belief that with my own policy, by the time it was all sorted my children might be waiting for up to a year to receive any payout. (I checked this with RSM Tenon, who said this was nonsense as the policy value by far outwayed the level of debt). He was very pushy and couldn't understand my response which was .....
After joint policies were cancelled after my divorce, I had to find new cover for myself. Many years ago I chose an insurance company who provided me with the cover I required while my children were growing up, at an affordable price. With this particular policy I agreed to a 15 year term and although there would be no penalty for cancelling, at that point the policy had 5 years to run and would still be in place when my TD was over. I saw no reason why I should go back on an agreement made with my insurance company just because he was suggesting I do so and moreover told him that should I die, my insurance company would pay my children £150000, in my opinion it was only right and fair that my creditors be paid in full from this money and my children would still be left with well in excess of £120000. So for moral reasons, I told him I would not be taking out a policy to try and ensure my creditors wouldn't get a penny if I died.

I never heard from them again. Be more insistent that they remove your details from their marketing list

There seems to be a few firms where cross selling is an issue. You call one company who take a payment from you, sell you insurance from an interconnected company who then pass you to an IP firm. By that time your skint & insured up to the eyeballs!

Mark

I think we might throw in a free George Foreman grill with every trust deed signed. Although you'll have to take out product insurance with it!

Mark

Mark, you are obsessed with George Foreman grills!

For the avoidance of doubt, any calls selling life insurance are completely unconnected with RSM Tenon and I hope this is not being inmplied in any such calls. Anyone receiving a call selling life insurance should feel free to tell them to get lost.