Shirley-Anne and Russell Hodgson receive £72,000 from Scottish Widows following two life insurance policies set up by Russell’s mother in 1972. After the payment, the couple later learn the amount they should have received is substantially higher. According to the report, about six months after receiving the £72,000, they are told the correct value of the policies would have been £749,000. The sources provided focus on the gap between the payout the couple received and the revised figure they are subsequently given, but do not detail why the original payment was lower or what steps the insurer takes in response. The reports present the issue as one involving an apparent underpayment and later recalculation of the policy benefits, with the couple identifying a large difference between the initial payment and the amount they say should have been awarded.
Scottish Widows pays Hodgsons £72,000 before recalculating policies at £749,000
Shirley-Anne and Russell Hodgson receive £72,000 from Scottish Widows following two life insurance policies set up by Russell’s mother in 1972. After the payment, the couple later learn the amount the...
- Shirley-Anne and Russell Hodgson receive £72,000 from Scottish Widows.
- The payment relates to two life insurance policies arranged in 1972 by Russell’s mother.
- The couple later discover the policies should have paid £749,000.
- The revised figure is communicated about six months after the initial payout.
- The reports provided do not specify the reason for the discrepancy or subsequent resolution.
When Shirley-Anne and Russell Hodgson received £72,000 from Scottish Widows on two life insurance policies set up by his mother in 1972, they were delighted.
3 months agoWhen Shirley-Anne and Russell Hodgson received £72,000 from Scottish Widows on two life insurance policies set up by his mother in 1972, they were delighted.
3 months ago
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