Quote:
|
Originally Posted by kronas
i thought it would feasable to set a life policy up even for yourself (at the present time) ?
|
Nope, life assurance pays out if you die, and is designed to ensure your wife and kids aren't left destitute, and can pay the mortgage etc. There's absolutely no point buying it at your stage in life. Money you put into a pension now though, is worth its weight in gold. If you can save for a pension for the best part of 50 years, you will be much better off than if you leave it.