£250 000 in 40yrs time good or bad pay out?

kingstreet

What need has a 40 year term?

Very long mortgage?

25 year old non-working spouse?

Determine your need then purchase cover to meet it.

ie - mortgage amount and term of mortgage.

ie - amount needed to replace spouse income until youngest child reaches 21 or 25

and so on...

opinions4u

As others have suggested, your headline looks to be misleading.

£250 000 in 40yrs time good or bad pay out?

£18 a month isn't going to give you £250k as an investment. So I'm happy to guess that the £250k will only pay out if one of you dies.

Lets say in 35yrs time will £250k be worth anything?

Based on approximate RPI numbers:

1972 ... £2.66m would give you £250k of buying power today.
1977 ... £1.25m
1982 ... £724k
1992 ... £429k
2002 ... £335k

The 1970s and early 1980s saw rampant inflation. Inflation is the enemy of the buying power of your money but it's impossible to predict over 40 years. One bad decade can destroy the value of money.

Looking at the 1972 to 2012 example, £250k today would buy you a £23k car in 40 years.

someone said i should increase it just in case, as it may not be worth nothing 35yrs down the line

Some providers allow increasing premiums for increased cover. Whether you need this or not I don't know. Why would you need £250k (in today's money) when you're over 60? My life cover comes to an end when I'm in my early 50s as I can't see a scenario where my wife and kids would be struggling to survive financially without me.