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PPS/PROFESSIONALS
Introduction
It is a fact that more than 80%
insurance portfolios of professionals are not in line
with their real needs. This can have very serious
consequences for an individual and his/her family at
death, disability and retirement.
In order to give sound financial
advice to professionals it is important that the correct
procedure is followed. The process of financial advice
begins by analyzing the needs of a client in an
independent way. When subsequently structuring the
client’s portfolio it is important that it is done with
sufficient product knowledge and good understanding of
the whole spectrum of financial advice.
What is PPS and why?
The Professional Provident Society
(PPS) was established in 1941 and is exclusive to
graduated professionals. PPS comprises the largest multi
disciplinary group of professionals worldwide and has no
outside shareholders other than professionals. PPS
offers a full range of insurance and financial products
– however, with PPS you are not only a policy holder but
you also share in the profits of the company.
In 2006 alone R2,2 billion was paid
to its members over and above the claims made. These
profits are paid out tax free. Premium rates are
extremely competitive and have only increased once since
1941. Members are covered worldwide even when emigrating
permanently and is also covered for hazardous pursuits
e.g. scuba diving, flying etc without extra loadings.
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