Insurance
Mutual customers better off
Written By:
Your Money
Posted:
Updated:
24/05/2006
Customers of life insurers that have demutualised and become limited companies have ended up £14,000 worse off on average than those who have stayed with mutual organisations, according to the Association of Mutual Insurers (AMI).
AMI looked at the maturity values of demutualised with-profits policies over the past 15 years and compared them with those from remaining mutuals.