Pensioners 'hostage' to unaffordable life policies must pay thousands a year or forfeit the lot

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Pensioners are finding themselves in an impossible dilemma, being forced to pay for 'policies for life' that cost more than they are worth

Two Telegraph Money readers who will celebrate their 100th birthdays next year have more in common than their upcoming centenary. They are both among thousands of older pensioners trapped paying for decades-old “black hole” life insurance policies that cost far more than they are worth.

 

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Similar situation in Germany, we are all kind of screwed in all holes, maybe they were never meant to pay out Similar situation in Germany, we are all kind of screwed in all holes, maybe they were never meant to pay out?

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