With profits funds are made up usually of
Once added, the yearly/annual bonus cannot be taken away
The terminal/final bonus which is designed to vary and depends upon market conditions and whether there are profit reserves still 'stored' in the fund for when your policy matures/ends.
Terminal/final bonus can vary up and down, it can be taken away and even cancelled and replaced by a Market Value Adjustment penalty if markets tumble.
If a large part of your with profits fund is terminal bonus you should seek advice on whether you can lock it in.
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