- VitalityLife has launched a Risk Calculator designed to help advisers discuss the sensitive subject of a client experiencing a serious illness – or possibly dying – before retirement.
In less than a minute, the calculator will produce a personalised risk report based on age, gender and smoker status. This will show the percentage likelihood of being unable to work for one month or more through ill-health, the percentage likelihood of experiencing a serious illness and also the risk of dying.
Furthermore, it also calculates how these percentages could improve should the client engage in a healthier lifestyle, such as the Healthy Living Programme offered by Vitality.
As well as personal risk, the calculator can also assess business risk, which focuses on the business owner or key employees.
- The Later Life Academy (LLA), the commercial and training organisation for later life advisers, has announced LV=, the mutual insurance, retirement and investment group, as it latest Ambassador firm.
LV= offers a range of retirement products including personal pensions, SIPPs, income drawdown and fixed-term annuities.
It is also highly active in the equity release market offering a flexible lifetime mortgage for clients who wish to release equity from their home both now and in the future. LV= also offers a ’Lifetime Mortgage – Lump Sum +’ product which allows the client to release equity and repay up to 10% each year with no early repayment charges from year two onwards.
Working with the LLA as an Ambassador, LV= will provide input, resource and support to Academy members, help to develop the overall retirement-focused content of the organisation and provide a range of materials and resources.
The LLA will also work with LV= to deliver a series of corporate and commercial benefits focusing predominantly on the equity release product range.
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