With-Profits Policy
(redirected from With-profit fund)With-Profits Policy
A chiefly British and Commonwealth term for a participating policy.
References in periodicals archive
?
A 25-year, Au50 per month mortgage endowment in the main Aviva With-Profit Fund, taken out on 1 January 1989:
On the positive side, he said, some consumer-protection measures like enhanced with-profit fund management and increased guaranteed surrender values on traditional products could strengthen the insurance industry's foundation in the long term because customer confidence would be enhanced through fair treatment.
Usually, the calculation takes into consideration factors such as completed policy years, policy type and time to maturity, with-profit fund performance in case of participating policies, besides the company's customer philosophy and industry practice," says Suresh Agarwal, executive vice-president, head, distribution and strategic initiatives, Kotak Mahindra Old Mutual Life Insurance.
The investment choice has increased substantially in the last decade and therefore, there is often no need to select a with-profit fund.
The surplus assets in the with-profit fund, known as the inherited estate, was valued at Au2.
Payouts from the with-profit fund are linked to the rate of investment growth achieved on the fund.
When Provident Mutual was swallowed up by General Accident, investors in the with-profit fund got an average of pounds 300 more.
A with-profit fund might be suitable so long as there are more than 10 years until the money is required.
Some investors also like to withdraw 5% each year from a with-profit fund tax-free - although higher rate taxpayers can get caught with a tax bill when their policy is eventually cashed in.
5 per cent before tax on their CGNU with-profit fund.
Hooton noted that default money is likely to wind up in an insurer's with-profit fund, which is held on behalf of customers with participating life insurance policies.
Contingent on this agreement, Halifax will also make an additional cash payment of GBP250 million into the closed with-profit fund, with the potential for a further GBP250 million conditional on `Halifax Equitable' meeting sales and profitability targets in 2003 and 2004.
Financial browser
?
- ▲
- With ice
- With Interest
- with or without
- With Particular Average
- With rights
- With the Grain
- with warrants
- Withdrawal
- Withdrawal Benefits
- Withdrawal Notice
- withdrawal plan
- withdrawals
- Withdrawals from the Circular Flow of Incomes
- Withholding
- Withholding Allowance
- Withholding of Tax at Source
- withholding tax
- Without
- Without Evidence of Insurability
- Without Penalty
- Without Prejudice
- without recourse
- Without Recourse Financing
- Without Reserve
- Without-Profits Life Insurance
- With-profit fund
- With-Profits Bond
- With-Profits Policy
- witness monument
- Wizna
- WK
- WKUM
- WLF
- Wloka
- Wolfe Wave
- Women Leaders Round Table
- Women's Council of Realtors
- Women's Service Magazine
- Won
- Wonger
- wood infestation report
- Woodcut
- wood-destroying insect
- Woody
- Wool Growers Floater
- Word
- Word Association Test
- word of mouth recommendation
- Word Processing
- Word Processing Center
- word processor
- ▼
Full browser
?
- ▲
- with your hand in the cookie jar
- with your hand in the till
- with your hand on your heart
- with your head held high
- with your head in the clouds
- with your leave
- with your leave
- with your leave
- with your leave
- with your leave
- with your nose in the air
- with your own fair hands
- with your pants down
- with your tail between your legs
- with your tail up
- with your tongue in your cheek
- with your whole heart
- With, Together
- with-
- with-
- with-
- With-holding tax
- With-holding tax
- With-holding tax
- With-holding tax
- with-it
- with-it
- with-it
- With-or-Without
- With-profit
- With-profit fund
- With-profit policy
- With-profits
- With-profits
- With-Profits Benefits Reserve
- With-profits bond
- With-Profits Bonds
- With-profits fund
- With-Profits Life Insurance
- With-Profits Policies
- With-profits policy
- With-profits policy
- with-the-bed cut
- With-the-Grain
- With-The-Rule Astigmatism
- With-The-Rule Astigmatism
- With-The-Rule Astigmatism
- With-The-Rule Astigmatism
- withal
- Witham Airport Action Majority
- Witham Amateur Operatic Society
- Withamite
- Withania
- Withania somnifera
- Withania somnifera
- withdraw
- withdraw
- withdraw
- withdraw
- withdraw
- withdraw
- ▼