But that’s what a company called Sovereign Lifecare has been doing, and its call to retired James Swinger from Newark, Notts, was far from welcome. In 2014, James and his wife Sylvia had taken out a plan with another company, Equitable Lifecare, paying around £7,500. That was a terrible amount of money for us to lose, with no way of taking out new policies.”Unfortunately what the caller said about Equitable Lifecare is correct. I’ve asked him how he got the details of Equitable Lifecare customers, why he thinks it acceptable to cold call, and what will happen to customers’ funeral plans if Sovereign Lifecare goes out of business. It is not a funeral plan business but a company that makes money by selling customer leads.

Source: Daily Mirror October 29, 2020 08:53 UTC