Insurance needs

👤 Who

This guide is for users who are completing Insurance Recommendations in their advice document. 

Role type required: Any

❗The Fact Find must be unlocked in order to edit the Insurance Needs Analysis.

ℹ️ Completing the Insurance Needs Analysis

Insurance Needs estimates are based on the gap between current assets and insurance coverage versus debt and other significant costs to clear. The Adviser has the flexibility to select assets for inclusion in the calculation. Insurance Needs estimates may include Death, TPD, Trauma and Income Protection insurance. Watch the video below to complete your Insurance Needs Analysis.

💡TIP: If you are using Risk Researcher for your product recommendations our standard advice templates are coded to pull through the Risk Researcher Needs Analysis table. Therefore if Risk Researcher is used there is no need to complete this table in iff.