With-Profits Policy


Also found in: Dictionary, Wikipedia.
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.
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.
6million with-profits policy holders could be lined up for windfalls when Standard Life demutualise.