“ By extending Profit-Share to all PPS Business Assurance solutions, PPS is deepening its commitment to mutuality and creating even greater value for members.” cover in the market to PPS Business Assurance cover and increase it up to R10 million or 20 % of the existing cover.
BUSINESS ASSURANCE
“ By extending Profit-Share to all PPS Business Assurance solutions, PPS is deepening its commitment to mutuality and creating even greater value for members.” cover in the market to PPS Business Assurance cover and increase it up to R10 million or 20 % of the existing cover.
The opportunities are endless and the PPS Specialist Support Services team is there to assist you throughout this journey. With their support, you will be able to answer the following questions without any hesitation:
• What happens to the business upon the death, disability or critical illness of one of the owners?
• How will this affect the remaining owners and staff?
• How will this affect the insured’ s family?
• What happens if the business cannot be sold?
• What are the implications and closing costs of winding up or deregistration of the business?
Until now, the PPS buy-and-sell insurance was the only Business
Assurance product that qualified members for Profit-Share allocations. From 1 July 2025, we are excited to announce that the other three solutions, namely key person, credit loan and contingent liability insurance also qualify to receive Profit-Share allocations.
These allocations will be made to the life-insured’ s notional PPS Profit-Share Account™ *, provided that the life-insured has life-risk products with an active PPS Profit- Share Account™. Other company shareholders need to consent by signing a resolution that the life-insured acts on behalf of the company and receives these allocations.
By extending Profit-Share to all PPS Business Assurance solutions, PPS is deepening its commitment to mutuality and creating even greater value for members.
* Members holding qualifying life-risk products share in the profit and loss of PPS through the notional PPS Profit-Share Account™, which vests on retirement from age 60 or death. Past performance is not necessarily indicative of future performance.
Murray Visser
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