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CAUTION This page is under review some information may be outdated

The Life of Brian Riley – family history

Brian is born into a secure family of father, Arthur (38), mother, Mavis (33) and two older sisters, Veronica and Susan, aged 8 and 4 respectively. Arthur and Mavis have been married for 10 years.

Arthur is a civil servant in Whitehall; Mavis teaches the flute and piano from home. Arthur’s salary is £25,000; Mavis is self employed and earns approximately £16,000 net. Mavis has no pension or life assurance cover of her own, but Arthur has the full civil service pension scheme of 50% of salary, plus a widow’s pension on death, before/after retirement, of 50% of his expected/actual pension. Life assurance cover is only twice salary.

At the end of each month they have surplus income of about £400. The repayment based mortgage has £50,000 outstanding. It is covered by a joint life mortgage protection policy. Ownership of the house is on a tenancy in common basis.

Grandparents George and Mildred Riley retired to Jersey some years ago, to escape the rigors of mainland weather. George is now 66, Mildred 69. Both are in good health and they live off their invested capital. Maternal grandparents James (52) and Ellen (50) Hickmott live abroad in an artists commune. Not much has been heard of them for ten years but they are alive, as Arthur and Mildred received a Christmas card last year, and the girls always receive a birthday card.

Arthur and Mavis each have a brother and sister, who have two children each.

Brian, as the first male child/grandchild, is expected to follow his father and grandfather to boarding school (Ramsdean School for Boys) and from there to Cambridge and probably to Whitehall. Arthur already has his son down for the school and his Club (Wetheringtons).

Veronica and Susan attend the local primary school (Anthony Street School) and will move on at the age of 11 to St. Mildreds, a private day school.

As responsible parents, Arthur and Mavis will already have considered the changes a new child will bring to their financial arrangements. If they haven’t already asked the questions, they should now be investigating the provision of school fees and life assurance and sickness protection both for the family as a whole, and baby Brian in particular.

Here is a summary of their investigations:

Life Assurance

Sickness Protection

School Fees

Additional Considerations