Member Information
Welcome to Teachers Assurance – the Education Profession’s very own mutual insurance and financial services company – working on your behalf
Why 'Teachers Assurance' and why is the fact we're a mutual important to you?
We are called ‘Teachers Assurance’ because we were originally set up by the National Union of Teachers (NUT) to look after the financial welfare of the Teaching Profession and their families.
A mutual organisation is one that is owned by its members. Teachers Assurance is mutual because for over 130 years we’ve existed solely for the benefit of our members, not shareholders. This means we have no shareholders directing the business and taking a share of the profits. All the profits are reinvested for our customers who entrust their money to us or buy products through us.
At Teachers Assurance we are committed to meeting the specific financial needs of our members and customers and take responsibility for members’ welfare very seriously.
All of the decisions we make are based around what is best for you. By providing a wide range of excellent value, affordable products through specialist financial planning, we ensure our members and customers can protect their long-term interests and aim to plan for a financially secure future.
How do you benefit from the fact that Teachers Assurance is a mutual organisation?
At Teachers Assurance we deliver a high quality financial education and advice service with a wide range of insurance, investment and savings products with low risks and guaranteed returns specifically for teachers and their families.
Putting our members first means ensuring profits are distributed amongst our With-Profits policyholders in the form of bonuses and guarantees.
The fact that we’re a mutual means we’re working on your behalf – developing the information and services you need to make those all important decisions about your financial future.
How has being a mutual allowed Teachers Assurance to grow?
Teachers Assurance is a financially strong and well-run specialist mutual insurer. Its focus is to always work towards the interest of its members and customers. This underpins the benefits of mutuality. Remaining mutual and acting in the membership’s best interest is a principle we never let go of.
Originally established in 1877 to provide sick pay, annuities and savings products for members of the National Union of Teachers, we have grown into one of the leading financial services companies serving the education profession.
Whenever you take out a Teachers Assurance product, you can rest assured that the money you have worked so hard for, will be working hard for you.
