VitalityLife tool helps advisers calculate healthier lifestyle benefits

Published on

VitalityLife has launched a new risk calculator designed to help advisers discuss serious illness or death before retirement.

In under 60 seconds, 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.

In addition, 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.

Deepak Jobanputra, deputy CEO at VitalityLife, said: “By better understanding the risks, advisers can highlight the importance of having cover and make sure their clients have the appropriate financial protection in place.

“We want to be there to pay claims and provide support, but we also want to ensure our members enjoy the benefits of staying healthy too, whether they make a claim or not.

“This new tool helps emphasise the potentially very real difference a healthier lifestyle can make.”

Alan Knowles, managing director of Cura Financial Services, added: “The VitalityLife Risk Calculator is a simple, quick and effective tool for advisers. With a few basic questions we can show a client the risk of a serious event occurring to them.

“Using this information we can then highlight how such an event could impact the client and their family. VitalityLife also brings a new dimension to this type of tool by showing how much you can reduce this risk through healthy living.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...

The Leeds reports £104m profit amid robust lending and savings growth

Leeds Building Society has reported a profit before tax of £104.4 million for the...

Annual house price growth picks up as affordability improves

The UK housing market showed renewed resilience in July, with house prices rising by...

Latest publication

Latest opinions

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Navigating HMO and MUFB complexity with confidence

Historically, larger Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs) have often...

Other news

Market Harborough broadens tier two mortgage criteria to boost complex case lending

Market Harborough Building Society has introduced a series of criteria enhancements to its tier...

Coventry for intermediaries reduces rates across residential and buy-to-let ranges

Coventry for intermediaries has announced rate cuts of up to 19 basis points, with...

Halifax cuts remortgage rates across selected two and five-year fixed deals

Halifax Intermediaries has announced a series of rate cuts across its remortgage product range,...