As a mutual we’re owned by our members, not shareholders. This means when we do well, we’re able to give something extra back to eligible with-profits members. We call this a mutual bonus.
Every year the LV= Board considers whether to declare a bonus and what it should be. For members who are eligible for a mutual bonus, it’ll be paid when their policy matures, when it’s cashed in, or on a death claim. For eligible annuity members, their regular income will increase, unless we’re paying guaranteed benefits.
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Mutual bonus for members
If you or your client have a question about our mutual bonus, we’ve answered the most common questions here. Your account manager can help if you need more information.
What is a mutual bonus and why is it paid?
How does the mutual bonus work?
How much is the 2021 mutual bonus worth?
What mutual bonus has been declared in the past?
When is the mutual bonus added to eligible policies each year?
Once a mutual bonus is declared, can it be taken away?
My client is a Flexible Guarantee Bond 3/Flexible Guarantee Funds 2 policyholder, are they eligible for mutual bonus?
Principles and Practices of Financial Management
Our Principles and Practices of Financial Management document details our approach to the financial management of our with-profits investments. It ensures your clients are treated fairly.See how we manage the with-profits fund, including what it is, how it works and how bonuses are decided, here: