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“Despite its name and history the Schoolteacher's...”

★★★★★

written by paulandemiko on 09/12/2004

Despite its name and history the Schoolteacher's Friendly Society is open to anyone. Its main business is the Sickness Income Plan, a form of income replacement insurance. The scheme sounds fearfully complex but, in practice is simple to use. In essence a member pays in a monthly premium plus 50p admin fee. For every day of sickness the Society will pay the monthly fee to the member from day 1. The payment comes partly from the members fund and partly from the society's investments. A member also can pay up to 4 times his premium into a deposit account.
In practice it is easy to use by post and any contact whether by phone or post is promptly and politely processed.

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Asked by sophierice on 10th September 2017 Report this content

I am trying to trace a trust fund policy - can you help?

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