Aegon UK has introduced an online tool that explains guaranteed lifetime income and how Aegon’s Secure Lifetime Income product works.
Aegon Secure Lifetime Income Simulator provides advisers’ clients with a clearer understanding of guaranteed income schemes. The software also generates customised reports for clients.
Duncan Robertson, director of marketing at Aegon Ireland, said: “We’ve seen a marked rise in the number of advisers using technology on a day-to-day basis. Our goal here is to help advisers to explain to their clients how our solution can work in a clear and tangible way.”
Key features:
- Allows advisers to demonstrate the chances the client will still be alive when he or she runs out of money
- Shows that guaranteed income will not decrease
- Shows how death benefit works
IFA verdict: Helen Kanolik, of Dorset-based HelenK Financial Advice, said: “I might use it to explain to clients how the market works. But some could read too much into it and end up expecting certain performance.”
