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 Glossary   >   W   >   "With Profits" Definition   

        With Profits

(Of life insurance policies) Entitled to a share of the insurance company"s profit. Each year a bonus is added to the guaranteed sum insured to reflect the company"s profit. Usual practice is to "smooth" such bonuses so that a comparatively unsuccessful year will not necessarily lead to a lower bonus but a succession of poor years will be reflected by a gradual reduction of bonus rate (and conversely for a series of successful years).

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With Profits \ (Of life insurance policies) Entitled to a share of the insurance company"s profit. Each year a bonus is added to the guaranteed sum insured to reflect the company"s profit. Usual practice is to "smooth" such bonuses so that a comparatively unsuccessful year will not necessarily lead to a lower bonus but a succession of poor years will be reflected by a gradual reduction of bonus rate (and conversely for a series of successful years).


With Profits / (of life insurance policies) entitled to a share of the insurance company"s profit. each year a bonus is added to the guaranteed sum insured to reflect the company"s profit. usual practice is to "smooth" such bonuses so that a comparatively unsuccessful year will not necessarily lead to a lower bonus but a succession of poor years will be reflected by a gradual reduction of bonus rate (and conversely for a series of successful years).