Life Assurance
You can pay monthly premiums towards different types of life
insurance (or assurance) policies. Various types exist and you
should perhaps find out about these if you haven't done so already.
All policies calculate the premiums by using a table similar
to the mortgage table.
The table shows the monthly premium required per £1,000
assured.
The sum assured is guaranteed, even if you die having paid only
one premium (suicides excluded).
An important feature of all this is that all the interest gained
is tax free. |
| Age
Next Birthday |
Term |
| 10
years |
15
years |
20
years |
25
years |
| 20 |
£4.35 |
£2.98 |
£2.17 |
£1.65 |
| 21 |
£4.35 |
£2.98 |
£2.17 |
£1.66 |
| 22 |
£4.35 |
£2.98 |
£2.18 |
£1.66 |
| 23 |
£4.36 |
£2.98 |
£2.18 |
£1.66 |
| 24 |
£4.36 |
£2.98 |
£2.18 |
£1.67 |
| 25 |
£4.36 |
£2.99 |
£2.18 |
£1.67 |
| 26 |
£4.36 |
£2.99 |
£2.18 |
£1.67 |
| 27 |
£4.36 |
£2.99 |
£2.19 |
£1.68 |
| 28 |
£4.36 |
£2.99 |
£2.19 |
£1.68 |
| 29 |
£4.36 |
£2.99 |
£2.20 |
£1.69 |
| 30 |
£4.37 |
£3.00 |
£2.20 |
£1.69 |
| 31 |
£4.37 |
£3.00 |
£2.20 |
£1.70 |
| 32 |
£4.37 |
£3.00 |
£2.21 |
£1.70 |
|
