Personal experience

I had the same problem with Old Mutual. I took a saving plan for my daughter when she was 3 weeks old. It was supposed to pay out when she turned 16. She is turning 18 in a weeks time and still no money. So I paid a policy for 16 years and lost ALL that money. I have seen a few people working for Old Mutual and brokers working with Old Mutual. One tell me that a loan was taken against it, but they can not give me proof. the other one said there is no such policy. It is like ****ing into the wind, pardon my expression, but I have NEVER felt so hopeless in all my life. It was money that I saved for my daughter to use for her school clothes ect.