Ulster Bank Over 50s Life Insurance Review
Marvin's low-down on Over 50s Life Insurance from Ulster Bank
The experts say:
Ulster Bank's Guaranteed Sixty-Plus Life Insurance is a great choice for anyone over 50 who wants the peace of mind that comes with life insurance. The policy offers cover for accidental death during the waiting period, and after 24 months you can claim full benefits. This long wait period might put some customers off, especially younger ones, but the policy also offers a signing up incentive of a £100 Gift Card. According to Fairer Finance's Star Rating system, the product received a 3-Star rating, which is not bad considering the reasonable cost of premiums. Customers will have to keep paying premiums until they reach age 90 before their cover ends.
What Ulster Bank customers are saying right now:
The Good
- :white_check_mark: Fast and efficient customer service
- :white_check_mark: Helpful and friendly staff
- :white_check_mark: Comprehensive security measures
- :white_check_mark: Low overdraft fees
- :white_check_mark: Easy to open accounts
The Bad
- ⚠️ Unhelpful customer service and unfriendly staff
- 😡 Unpaid Transaction Fee for small amounts
- 🤯 Poor online banking experience and no loyalty to customers
Ulster Bank customer reviews summary
Ulster Bank has recently been receiving a lot of criticism for its customer service, online banking and transactions fees. Many customers have expressed their dissatisfaction with the bank's lack of loyalty to its customers, slow response times and unfriendly staff. Despite the few positive experiences with the specialist staff, customers have reported that the bank is not fit for purpose and doesn't prioritize customer centricity. With such a poor level of service, Ulster Bank scores a dismal 3 out of 10.
Is Ulster Bank one of this year's Top 10 Over 50s Life Insurance companies?