loan with life insurance

A question about : loan with life insurance

Hi can someone help me plz.. we took out 2 loans about 7 years ago . We went to Lloyds for the loan and was told we had to take out life insurance from Scottish widows or we wont be accepted for the loans .. we ended up paying Ј38 pound a month for about 6 years. We had to get a loan again in November for our son to buy a car for work and when we said do we have to have the life insurance again he said no we told the bank loans man we had to take 2 out in the past he said to claim it back as we were mis sold them .We have contacted Scottish widows and they said we wernt entitled to any refund and we said this wasn't good enough so they said they would phone us back tomorrow 6.01,2015 to give it to someone else to look at but was told it will be the same outcome you wont be getting a penny ..Are they in the right we wont get nothing back.Thanks

Best answers:

• im sure the refunds are for ppi not life insurance so maybe there correct
• How old is your son and what type of car is he getting?
• Life assurance is not PPI. It would have also been arranged under a factfind and advice process (unlike PPI). So, it will be a difficult complaint unless you have no financial need for life assurance.