‘Each of us has experienced a sense of possibility - moments where we imagine things as they could be, and yet we hold back. Concerned with circumstance, what others might think, or lack of interest; we don't act on our vision. Express yourself fully, make a difference, be a leader.’
You and your money deserve respect and proper protection. The onus is on you! Penalties, early surrender, loss, possible legal implications all result from not doing the obvious: Reading and Understanding before Committing.
Complaining that the terms and conditions were not explained or that you were hoodwinked into signing without being made aware of any risks or liabilities is useless if you have already signed the documents. It is deemed that you were cognizant of and agree the rights and obligations upon signing.
A ‘simple’ document, is just as dangerous as a ‘sheaf’ of documents. Ask for an explanation, understand your rights and obligations before signing. In the eyes of the law, ignorance is not a defense for breach of a contract.
Whatever your commitment buy, lease, invest in any product or service ensure it is within your risk appetite, long term financial affordability and that you have a clear understanding of the inherent financial risks associated with the product or service.
Do Not sign a blank or incomplete form and ensure that all the required fields and figures in the form are correct and complete before signing it.
Be extremely careful when granting a proxy (Power of Attorney) to a third party to conduct any financial transactions on your behalf. Clearly determine the powers delegated under this proxy to act with your consent.
My Strong Recommendation BEFORE you sign you should, where necessary seek independent legal advice with regard to clarifying the terms and conditions prior to committing.