Using this: http://www.moneychimp.com/calculator/compound_interest_calculator.htm , I calculated that with a yearly input of $260, a per-annum interest rate of 3%, and 40 years of deposits, you'll have $20,192.46 by the time you're in your sixties. With an interest rate of 4%, you'll have $25,694.90.
I was offered life insurance and thought I need input from LessWrong people before I accept or decline the offer.
Please share your personal experience, if any, with me.
Thoughts that have occurred to me:
What are the odds that that company will be around in 38 years? I mean, both World Wars fit in that time span.
What is the probability distribution over how much the Euro will have inflated by then? Does that even matter?