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Thread: O/T life insurance

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  1. #1
    Join Date
    Feb 2012
    Posts
    758
    Quote Originally Posted by crashbang View Post
    No good for me , but all these ads.
    Question as I,m crap at maths
    "For the price of a cup of coffee" as the ads go. £7 a week, BUT there is a yearly 5% increase compounded.
    Taking into account, a 30 year old ( as in the ads) may be paying in for 30-40 years.
    so how much a week would it be by then?
    After 30 years £29 and after 40 years £47 !

  2. #2
    Join Date
    May 2008
    Posts
    22,872
    Probably a lot will not be able to afford it out of work etc, pack it in and lose all they have put in, which would be ?

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