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Thread: O/T life insurance

  1. #1
    Join Date
    May 2008
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    19,235

    O/T life insurance

    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?

  2. #2
    Join Date
    Feb 2012
    Posts
    672
    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 !

  3. #3
    Join Date
    May 2008
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    19,235
    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 ?

  4. #4
    Join Date
    Jan 2008
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    31,297
    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?
    Not that I drink it but that's cheap coffee.

  5. #5
    Quote Originally Posted by Brin View Post
    Not that I drink it but that's cheap coffee.
    Plus there’s the pen from Parky to look forward to.

  6. #6
    Join Date
    May 2008
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    19,235
    Quote Originally Posted by crashbang View Post
    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 ?
    Any scholars to work this out yet?

  7. #7
    Join Date
    May 2008
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    19,235
    Post 3

  8. #8
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    Jan 2008
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    Itís an insurance, youíll always pay more in than what you get back on average.

  9. #9
    Join Date
    May 2008
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    19,235
    Brin I know that . Just be interesting if you and your wisdom help with post 3.

  10. #10
    Join Date
    Jan 2008
    Posts
    31,297
    Too late at night to work that lot out pal. If itís not answered Iíll have a crack at it tomorrow or CAM can do it for you. Itís our bedtime and heís 5 hours behind us so has more time to work it out.

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