O/T life insurance

[crashbang]

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?

[DK_NY]

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 !

[crashbang]

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 ?

[Brin]

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.

[Grist_To_The_Mill]

Not that I drink it but that's cheap coffee.

Plus there’s the pen from Parky to look forward to.

[crashbang]

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?

[crashbang]

Post 3

[Brin]

It’s an insurance, you’ll always pay more in than what you get back on average.

[crashbang]

Brin I know that . Just be interesting if you and your wisdom help with post 3.

[Brin]

Too late at night to work that lot out pal. If it’s not answered I’ll have a crack at it tomorrow or CAM can do it for you. It’s our bedtime and he’s 5 hours behind us so has more time to work it out.