With-Profit Cover

With-Profit whole-of-life insurance offers your survivors a sum assured (the name given to the sum of money they receive in the event of your death) but also allows you to increase the value of this sum by adding profits made from investing your premiums. With-profits insurance pools a portion of your monthly premiums with those from other customers and invests this money.

Any investment returns are paid to you in the form of bonuses which increase the sum assured; as the profits that you make depend on the success of the investments, they are not guaranteed. Nevertheless, this type of whole-of-life insurance policy often proves to be a good investment over the long-term, rewarding you with a larger pay-out. Although the returns are lower than those potentially available with a balanced cover (unit-linked) policy, it is considered a slightly safer option because your money is spread out over a broader range of investments.