The feeling is
MUTUAL
More means more
With global economic contraction , job losses and a third consecutive quarter of economic decline in South Africa , getting fair value is increasingly important . This is why PPS is excited to introduce the Profit-Share cross-holdings booster . The Profit-Share cross-holdings booster is our way of rewarding members for holding a bouquet of qualifying profit-share products with us .
What is it ?
In the illustrations of the cross-holdings booster , the following tiers of booster percentages are used :
This will see members with qualifying products who hold up to three subsidiary products getting extra booster benefits on their existing profit-share earnings from PPS ’ s annual operating profits and investment returns . More really does mean more .
To aid the illustration of how allocations are made to individual members , consider a member who had the following holdings during a year :
• Life risk products held right through the year ( January to December ) with a monthly premium of R3 000 per month which attracts an
Apportionment Account allocation of 15 % of premiums paid during the year .
• PPS Investments products with a R1 000 per month recurring investment that commenced in April and was still in-force at the end of the year , and which attracts
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