this post was submitted on 04 Jul 2023
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That's the point of the article, that she feels that she was targetted as someone of poor financial skills and taken advantage of.
Makes me feel like having a chat with my mum about what she's currently paying to who.
The way they present everything is very predatory and designed to confuse people wiith poor financial literacy. They prey on peoples emotions about not wanting to be a burden to their children, and it is presented in a misleading way. A lot will offer the full amount of your premiums back, which makes it sound like you can't lose. But in effect people are being conned into providing a no-interest loan, which can't be retrieved if another need arises and if you can't or don't continue the payments you lose the lot.