Television Adds

There are a lot of adds on TV at the moment for over 50 life insurance. Presented by TV Stars Michael Parkinson's ect. You invest a fixed amount every month and get a fixed lump sum when you die. No medical check is needed. Sounds great. BUT ! You can never get out of these contracts. You have to keep upl payments or you loose the lot. If you don't die early you will properly put in more than you get out. Most importantly inflation is not taken intolerance account so you lump sum might sound good now but in 10 or 20 years they could be very small value for money. In ten years there will be investigation into the selling of these products. You heard it hear first.