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Robbed by ex wife?? Cashed in my life insurance?


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Dear Friends I have found myself in murky waters.

 

Married in 1990

,Upon purchase of new house in 1992 wife and I took out Life assured policies for ourselves. Both polices in both names.

As main breadwinner I paid for both premiums.

 

In July 2010 my dear wife decided marriage wasn't what she wanted any longer so she abandoned me and the family home.

 

After two years she demanded I sell our house and split the proceeds.

 

As of March 2012 I was struggling and the premiums on our two policies were in arrears.

At this point my wife took over paying the policy premiums.

 

I knew that one of the policies matured in March 2015,

the second policy maturing in May 2017

 

. After the mature date in March 2015 I have't heard anything from the FRIENDS PROVIDENT or my ex wife .

 

Recently I spoke to the financial adviser who helped us take out the original policies and he produced copies to show both policies had been cashed in.

one in August 2012

the other Sept.2012

 

. Since both policies were in both our names,

both signatures would have been needed to cash in both policies.

And I never signed anything of the sort

 

.Doing so at a premature date would result in a shortfall.

Who would knowingly do themselves out of a larger cash payout at the time of matured policy ?

 

So I'm not sure what direction I need to go.

So just to recap,

March 2012 ex wife takes over paying premiums on our joint policies.

August 2012 and Sept 2012 both policies cashed in. ???

 

What would you do ?

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It depends on what you want to achieve, and if your signature was forged. If it was would you just want "your share" of the money or would you want a crime prosecuted?

 

If you wanted the "crime" route rather than "civil restitution" route : I'd confirm that my signature was required, (asking for a copy if it was!) and what would happen if premiums stopped, to clarify if a crime had been committed.

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At this late stage the only positive out come would be to receive what I'm owed ,

 

 

we are talking about £25,000.

 

 

As sneaky and back handed as It is,

 

 

seeking criminal charges will only make me look like the ogre here.

 

 

My next step is what to do from this point??

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At this late stage the only positive out come would be to receive what I'm owed ,

 

 

we are talking about £25,000.

 

 

As sneaky and back handed as It is,

 

 

seeking criminal charges will only make me look like the ogre here.

 

 

My next step is what to do from this point??

 

I think you need to contact Friends Provident to make a complaint that they allowed your separated wife to cash in two policies without your consent and that you want a full response including copies of all relevant documents confirming how this was allowed to happen.

We could do with some help from you.

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You don't say when the divorce was made absolute. Were the policies cashed in before or after the divorce?

 

If it was before, why didn't the financial settlement take account of the policies being cashed in? If it was after, why didn't you sort out the policies at the time?

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Thank you all for your response. When I say ex wife , I mean to say we have separated , she insist I file for divorce. She knows there are no grounds for a divorce,and then the costs would be down all to me. I think contacting FRIENDS PROVIDENT and having copies of all relevant paper work is very good advice. Thank you

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Thank you all for your response. When I say ex wife , I mean to say we have separated , she insist I file for divorce. She knows there are no grounds for a divorce,and then the costs would be down all to me. I think contacting FRIENDS PROVIDENT and having copies of all relevant paper work is very good advice. Thank you

 

 

You can do that by way of a Subject Access Request which will cost you £10.00. The company then have 40 calendar days in which to respond.

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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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