Teachers Assurance
Teachers Assurance (officially Teachers Provident Society Limited and previously known as the Teachers Group and simply Teachers) is a friendly society in the United Kingdom. The company offers a range of savings, investment home insurance, health and life cover for individuals and their families, designed with teachers in mind.
Teachers Assurance is a mutual friendly society, which means it has no shareholders. The company is owned by, and works for, its members (the people who save and invest in their products). Any profits are shared between members or reinvested to provide services to the teaching profession.
History
Teachers Assurance was initiated in 1877 by the NUT (National Union of Teachers). Although they are now separate companies, the two still work in partnership and Teachers Assurance is endorsed by the NUT to provide financial services to members.