{"id":14680,"date":"2016-05-28T13:00:26","date_gmt":"2016-05-28T06:00:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/expensive-and-worthless-the-whole-of-life-insurance-plans-sold-to-millions\/"},"modified":"2016-05-28T13:09:50","modified_gmt":"2016-05-28T06:09:50","slug":"expensive-and-worthless-the-whole-of-life-insurance-plans-sold-to-millions","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expensive-and-worthless-the-whole-of-life-insurance-plans-sold-to-millions\/","title":{"rendered":"Expensive and worthless: the whole of life insurance plans sold to millions"},"content":{"rendered":"


\nMany people are facing huge hikes in premiums, and discovering that the controversial policies sold as investments are anything butSince the late 1980s Kusumben Amin, now 82, has scrimped and saved to build a nest egg for her two daughters. But after handing over \u00a335,000 to a reputable insurance firm over a period of 29 years, she has now discovered it is worth a paltry \u00a31,227.Although Amin, who speaks little English and reads none, thought she had taken out a savings policy, what she had been sold was a complex life insurance policy only of use to the very rich. But Amin is far from rich. Her total income is the state pension plus another \u00a3191 from her deceased husband\u2019s pension. The insurance firm Phoenix Life has been taking \u00a3247.83 a month for the policy, leaving Amin almost on the breadline. In March she showed her daughters a letter from Phoenix. They were horrified. It asked Amin to pay even more \u2013 up to \u00a3458.85 a month, equal to more than half her total income. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Expensive and worthless: the whole of life insurance plans sold to millions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many people are facing huge hikes in premiums, and discovering that the controversial policies sold...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-14680","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3OM","jetpack-related-posts":[{"id":77244,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-aramco-ipo-on-track-for-h2-says-ceo\/","url_meta":{"origin":14680,"position":0},"title":"Saudi Aramco IPO on track for H2, says CEO","date":"January 18, 2018","format":false,"excerpt":"\r Amin Nasser says Saudi gov't has not yet made decision on the listing venue\r \r Source : arabianbusiness.com\r Read more...Saudi Aramco IPO on track for H2, says CEO","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-islamic-appoints-new-ceo-as-profits-soar\/","url_meta":{"origin":14680,"position":1},"title":"Emirates Islamic appoints new CEO as profits soar","date":"June 19, 2018","format":false,"excerpt":"\r Former Emirates NBD senior executive Salah Amin is named new CEO at one of the fastest growing banks in the UAE\r \r Source : arabianbusiness.com\r Read more...Emirates Islamic appoints new CEO as profits soar","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145693,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makyee-is-leading-the-way-in-fast-and-digital-currency-enabled-real-estate-transactions\/","url_meta":{"origin":14680,"position":2},"title":"Makyee is leading the way in fast and digital currency-enabled real estate transactions","date":"July 8, 2024","format":false,"excerpt":"\r Makyee is led by Amin Makhlouf, an entrepreneur who is dedicated to revolutionising the real estate sector through digital innovation\r \r Source : arabianbusiness.com\r Read more...Makyee is leading the way in fast and digital currency-enabled real estate transactions","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/07\/Makyee-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":92434,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aramco-will-meet-increased-oil-demand-after-opec-deal-says-ceo\/","url_meta":{"origin":14680,"position":3},"title":"Aramco will meet increased oil demand after OPEC deal, says CEO","date":"June 26, 2018","format":false,"excerpt":"\r Saudi Aramco is pumping 10 million barrels a day and has the capacity to produce 2 million more, according to Saudi Aramco CEO Amin Nasser\r \r Source : arabianbusiness.com\r Read more...Aramco will meet increased oil demand after OPEC deal, says CEO","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162587,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aramco-ceo-oil-and-gas-will-remain-vital-for-decades-amid-energy-transition-realities\/","url_meta":{"origin":14680,"position":4},"title":"Aramco CEO: Oil and gas will remain vital for decades amid energy transition realities","date":"October 14, 2025","format":false,"excerpt":"\r Aramco CEO Amin Nasser urges pragmatic energy policies, warning that oil and gas will remain essential for decades amid global demand The post Aramco CEO: Oil and gas will remain vital for decades amid energy transition realities appeared first on Arabian Business: Latest News on the Middle East, Real\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/10\/Aramco-CEO-Amin-Nasser-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":21062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/let-people-take-state-pension-early-or-theyll-risk-missing-it-says-ppi\/","url_meta":{"origin":14680,"position":5},"title":"Let people take state pension early or they'll risk missing it, says PPI","date":"July 27, 2016","format":false,"excerpt":"\r Allowing people who have paid NI for 45 years to draw their pensions and retire early will help 250,000, research by Pensions Policy Institute suggests People who have worked and paid national insurance (NI) for at least 45 years should be allowed to take their state pension early or\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14680"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=14680"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/14680\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=14680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=14680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=14680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}