BGFS Associates

Consider the financial cost of losing Mum!
Most of us worry about insuring against the loss of our household income and buy a life insurance policy to protect the income earner. Yet the role of a non-earning parent and homemaker can be just as costly to replace and yet it often gets overlooked. Putting a financial value on what our wives achieves for our family is impossible but let’s see how much it would cost to replace some of her most important roles. To start with there’s the services a full-time nanny to care for young children and help with the cooking, cleaning and washing. When not at work time would be taken up with the responsibility of maintaining family life, so who would cover the jobs that the dad usually does at the weekends like, the gardening? The truth is if the worst ever happened, most of us would cope but things would have to change. Difficulties arise when the income earner’s life is insured but the non-earning parent’s is not. So just how much is a mum worth? People underestimate the cost of childcare. A full-time nursery place for one child could cost around £7,332 a year, a full-time nanny comes with a price tag in the region of £20k per annum, after school clubs £2,000 a year and holiday clubs can cost over £910.08 (figures provided by the National Childcare Campaign 15.09.05, and that was over a year ago). Add this to the cost of someone to do other domestic chores and it’s no surprise that the Legal and General ‘Value of a Mum’ survey in 2004 (two years ago) calculated that a mum is worth £21,184 a year! A slow cost solution that’s worth considering view http://www.bgfsassociates.com/termassurance.php

View http://www.bgfsassociates.com/lumpsuminvestment.php
For many, working overseas will be the best AND ONLY opportunity they will ever have to develop their personal wealth.

At age 35 it would require a regular monthly contribution of £772 (assuming 8% per annum investment growth) to build a tax-free fund worth £1.000.000 by age 65. This amount would provide a tax-free income per year of £80,000 (assuming 8% investment growth per annum) without reducing the capital value)

However..
If funding was delayed until age 40 a contribution of £1,222 would be required.

From age 45 £1,961

From age 50 £3,328
From age 55 £6,316

The time period invested makes and also saves money See http://www.bgfsassociates.com/regularsavings.php
In this example it has been assumed that funds are invested into a typical UK offshore regular investment vehicle

Many people are to busy to realise just how little interest is being paid by their banks deposit account. Even if your totally risk averse why not consider moving your lump sum to a better rate of interest. Some bank accounts are now paying less than 2% per annum interest?

Just think about it, you give your money to a bank (continue reading…)

“If you new you were going to die tomorrow how much life insurance might would you try to buy today and why?”

Sadly for your family, it would be to late to buy.

Don’t pause too long.. read page http://www.bgfsassociates.com/cover.php