The Benefits of Mutuality
Demonstrating the Benefits of Mutuality
As a mutual organisation we have no shareholders with whom we have to share the financial success we have enjoyed since 1877. We are able to plough profits back into the business to support the Society for the future.
In 2006 and 2007 we were able to declare a special Mutuality Bonus for our With-Profits policyholders. Due to market conditions in the last few years and the resulting poor investment returns we have been unable to repeat this. However, as soon as conditions allow we will seek ways to return additional value.
In the meantime, it is reassuring to know that Teachers Assurance includes some important safeguards in its With-Profits savings plans to help protect our members from poor investment conditions. Both our Tax-Free Savings Plan and our Guaranteed Savings Plan have a minimum guaranteed return of premiums paid in, provided you maintain your premiums to the end of the savings term.
The Guaranteed Savings Plan also gives existing and new members an unrivalled product enhancement with up to two free matched premiums. This is our opportunity to demonstrate the value of becoming a member of the Society by giving up to £1,000 back to our members via additional premiums paid into the plan.
If you would like to find out more about the Teachers Guaranteed Savings Plan click here for full product details and to buy online. The good news is that this plan gives you membership rights – meaning that if you take out a Guaranteed Savings Plan now, you will be eligible to take advantage of future members’ only offers.
