We are a mutual life insurer - owned by our members. As a friendly society, we are able to offer long term tax exempt savings plans, as well as all the products you would normally associate with life insurance companies. Our rules state who can be a member of the society, and how we are governed.

The tables currently available to members show the benefits for those who save regularly or invest a lump sum - all of these products are with profits and are eligible for both an annual bonus and a possible final bonus on encashment.

We issue policies for protection products - these do not participate in profits, but we do review the premium rates for Income Protection and PMI from time to time to reflect the cost of claims.

We also publish a list of tables for products no longer available, where we still have contracts in force under those tables. This includes

• Mortgage protection and term assurance - now written as policies
• Endowments maturing between age 60 & 65 - we still offer these to non-smokers, but on the same benefit table applying to under 60s
• Flexible endowments - these are now all into their extension period and can be cashed in without penalty on any anniversary
• Most endowments written before 1993 - these had a higher guaranteed benefit - the 'Sum Assured' - but attract lower rates of bonus