Profit-Share is our way of saying thanks by sharing glu’s profits with our members. It’s an incentive plan where you get a piece of the action based on how well we’re doing, after covering our expenses and meeting regulatory requirements. Your slice of the pie is tied to the premiums you’ve paid, compared to the total premiums we’ve received. In a nutshell, Profit Share is like a retirement plan that gives you a percentage of our profits.

Your annual notional bonuses are based on the premiums you’ve paid compared to the total premiums glu pulls in during the financial year. The exact calculation can vary depending on the company, but that’s the general idea.

If you’re an insurance member under 60 with a life insurance policy, you’re in line to benefit when glu turns a profit. It’s that simple.

Profit Share has some pretty sweet perks:

Secure Your Future: It’s a great way to build a better future and beef up your retirement portfolio.

Build Trust: Profit Share fosters trust between glu and our members, thanks to the transparency in how we handle our finances.

Bigger Payouts Over Time: The longer you stick with your life insurance policy, the bigger your share of the profit when you retire.

At glu, we believe in mutuality—meaning we’re owned by our members (which could soon include you). It’s a simple but powerful idea: when we all support each other, everyone’s financial future gets stronger.

So, instead of catering to stock exchange investors, we’re all about sharing profits with our members, helping you enjoy a comfortable retirement.