We have an electronic pass system at our Basingstoke office
which means you have to swipe to get into the building beyond reception.If I change suits during the week I might forget to put my
pass in the new jacket pocket and so have to ask for a temporary pass.
Of
course when I go back to the original suit later on a couple of occasions I
have had the pleasure of finding a ten pound note in the pocket, or at least a
pile of change.
Even though this money was mine all along it always feel as
if I have just 'found' it for the first time. It's like I'm suddenly ten pounds
richer.
One of the reasons that many people give for not buying life
insurance is that it is too expensive, or that they cannot afford it.
And yet a 30 year old non-smoking lady can get £200,000 of
life cover over 25 years for that same £10 a month.
The same ten pounds that you might find crumpled at the bottom
of your pocket, could provide a lump sum equal to a small fortune.
How long would it take to build up £200,000 by saving ten
pounds a month?
Over 1600 years.
Yet you could pay one premium of £10 into a life insurance
policy and it could pay out £200,000 to your family immediately if you died in
an accident.
Life insurance is actually amazing value for money and it
has never been cheaper.
Look at it another way. Most of us now use smart phones and
are used to buying apps. For an average of 69p, apps feel like great value
because most of us have 69p fiddling small change in our pockets at the end of
most days.
For 69p a month our lady could buy £13,800 worth of life
cover.
So , is life cover expensive?
