An online calculator enabling advisers to work out clients' monthly expenditure and determine how much protection they can afford has been launched by Bright Grey.
The protection arm of Royal London says the tool will help advisers kick-start protection reviews with their clients at a time when they may be in search of fresh income streams. Bright Grey says advisers can use the total of their clients’ monthly spend – including on the ‘little extras’ such as coffee and takeaways - and compare it with examples of protection costs for four different life stages: single, couple, family and divorced. Kevin Stevens, head of intermediary sales at Bright Grey, says: “It's quite a shock to see how the things you don't think twice about add up over a month. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
