The Client / Co-client tabs of the Life Insurance Analysis will shine a spotlight on income and invested assets over the course of each projection. The Life Insurance Analysis can be found within the Insurance > Life Insurance tab of each client plan:
Joint vs. Single Life Insurance Analysis
You will only see these tabs when using the Life Insurance Analysis for a joint household. For more information on the Life Insurance Analysis for single clients, click here.
The tab labeled [Client name] illustrates the scenario in which the client passes away, and the co-client survives. Conversely, the tab labeled [Co-client name] illustrates the scenario in which the co-client passes away, and the client survives:
The income chart reflects the projected income in retirement for each scenario, broken down by income type. Any shortage is shown in red, and the total shortage is displayed to the right of the chart. If the total of the client's current and proposed insurance exceeds the protection need, you will see no income shortage. This projection will include any proposed additional insurance that is entered within the Action Items.
You can also use the drop-down box to display a chart showing the surviving client's projected invested assets through retirement. The chart displayed in green shows the projection before including any proposed additional insurance; the chart in blue shows the projection after including the proposed additional insurance.
Important Note: PDF Report
When including the Life Insurance analysis in a client's PDF report, only the income chart will be included in the report. The invested assets chart will not be included.
