PROFIT-SHARE KEEPS GROWING.

After another Profit-Share assignment our Members total Profit-Share Account balance has grown yet again.

Total Profit-Share Account Pool

IT PAYS TO HAVE A PPS MUTUAL POLICY.

Every Member is entitled to a share in the profits of the insurance that they buy. And this year is the sixth consecutive year they’ve been rewarded with a profit share assignment.

Total number of
PPS Mutual Members
as of October 2022

8,598

Total Profit-Share
Assignment for
FY2022:

$1,624,579

Total Profit-Share
Account
Pool

$5,891,869

The Profit-Share Pool has more than doubled over the last 2 years

$2.4m

in 2020

$5.9M

in 2022

One Member has
accrued over $30,000 in
Profit-Share

Members have been
rewarded with a
Profit-Share every
year since we
started in 2016

348 Members
have accrued
more than
$3,000
in
Profit-Share

37 Members have
accrued more than
$10,000
in Profit-Share

And one Member has
accrued $14,000 in
Profit-Share despite
only paying one
premium before
claiming.

HIGHER VALUE BUSINESS FOR ADVISERS

By only providing specialist life insurance for professionals and sharing profits with Members, PPS Mutual Professionals Choice generates more sustainable, higher value business for our accredited advisers.

One adviser firms' clients
received Profit-Share
assignments of over

$200,000

One adviser firms’ clients
have Profit-Share Account
balances totalling over

$760,000

An individual adviser
has clients whose Profit-Share
Account balances total over

$315,000

LOWER LAPSE RATES

Thanks to our consistent profit-share assignments, once members join us they very rarely leave.

PPS Mutual
lapse rate

2%

Industry average
lapse rate

13.4%

Source: NMG Retail Advice Channel Risk Distribution Monitor Q2 2022.

An exclusive opportunity for advisers

Professional clients can only access PPS Mutual Professionals Choice life insurance through a limited number of accredited advisers. Why not join them and set your advice apart from the competition?

Total number of financial
advisers in Australia

16,146

Source: Beddoes Group October 2022

Total number of PPS Mutual
accredited advisers

1,217

As of October 2022

We were delighted to find out that our client, who is on a long term claim with PPS Mutual, has continued to accrue a Profit-Share allocation whilst on claim and that his Profit-Share balance is among the largest in PPS Mutual Australia.

Amanda Levine
Specialist Risk Adviser,
North City Group

*Details of the profit-share plan (including accessing a profit-share account) are available in the PDS – speak to your adviser about any questions.