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Help your clients grasp the importance of financial protection in just a few seconds.

Risk Reality Calculator

How to use

We've designed the calculator to help you:

  • show your clients the importance of financial protection
  • position the need for cover depending on your client's risk results
  • grow your protection business

How to use the Risk Reality Calculator

  • On the first screen enter your client's name, age, sex, smoker status and retirement date
  • On the second and final screen, the Risk Reality Calculator generates a personalised risk report for your client

The results will show the likelihood of your client:

  • being unable to work for two months or more
  • suffering a serious illness
  • dying
  • the probability of any of these happening before a chosen retirement age

How the results are calculated

With the calculator your client is compared to the rest of the UK population. Everyone is unique, but the results provide a reasonable guide to the average likelihood of one of the described events happening, based on a large number of people.

To arrive at the results we've used UK mortality statistics, our own extensive LV= claims experience, information from reassurers and applied actuarial assumptions to provide a risk assessment against a wider, general population.

Basis for the calculations

The statistics used for the risk reality calculator give a reasonable guide to the average likelihood of one of the described events happening based on a large number of people. However, we also recognise that individually everyone is unique and as such, the results should be used as a rough guide.

The calculator results give the probability of one of the described events happening between the current age and chosen retirement age - either 60/65/70. Therefore the longer the period of time until the chosen retirement age, the higher the percentage chance of something happening and therefore, the higher the calculator results will be.

If two people are selected the results given are for the couple, with the probability of the described events happening either to one person, or both assuming independent lives. The probabilities for each person in the couple are based on different periods of time depending on their current age and chosen retirement age entered to determine the period of calculation.

Adviser tip

  • Ahead of your next client meeting, enter your client's details and print off their risk report to take with you.
  • Ask your client to try out the calculator and print off a copy of their risk report ready to talk through at your meeting.

Speak to our adviser support team for more information.

08000 285 610

TextDirect: first dial 18001

9am - 5pm Monday - Friday

We may record and/or monitor calls for training and audit purposes.

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LV=, County Gates, Bournemouth, BH1 2NF, UK