With-Profits Policy


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Related to With-Profits Policy: reversionary bonus

With-Profits Policy

A chiefly British and Commonwealth term for a participating policy.
References in periodicals archive ?
The Financial Ombudsman eventually decided that Angus was right - a with-profits policy is a medium to long-term investment which is unsuitable for an 80-year-old man who might want to take his money out at short notice.
Skandia's research focuses solely on MVRs charged against policies that are surrendered prematurely and takes into account no other costs that are typically deducted from the investment return a policyholder earns from a with-profits policy, such as management or administration fees.
I have been paying into it for 15 years, but it is a with-profits policy.
AIF you have a with-profits policy you'd be daft to cash it in as you'll forfeit the substantial terminal bonus paid out on maturity.
Sarah Wilson, a director of the FSA and insurance sector leader, said: "Without ongoing advice, consumers might not be able to make properly informed decisions about their with-profits policy.
Anyone taking out a with-profits policy from yesterday onwards will not be entitled to participate in demutualisation benefits.
It makes sense to have a with-profits policy with them.
QDoes this mean my with-profits policy will be converted to shares?
By smoothing the return through both good and bad, a with-profits policy reduces the very real dangers of mistiming an investment decision.
However, your with-profits policy does hold other forms of investment, such as fixed-interest bonds, cash and property and some of these have fared reasonably well.