Your Profit-Share account
When you and our other Members pay premiums, the money is used to pay claims, to cover the company’s expenses and to provide capital reserves for the future. Any surplus generates profits which are shared by PPS Mutual Members.
For most life insurance companies these profits would be allocated to shareholders.
This profit is retained in a Profit-Share pool within the PPS Mutual Benefit Fund and allocations are made to your individual Profit-Share Account each year. This Profit-Share pool is invested by the fund and your share of investment returns are added to your Profit-Share Account.
The balances of the Profit-Share Account are not guaranteed and can be affected by, amongst other things, positive and negative investment performance and claims experience.