The mutual’s new Financial Forecast Calculator was designed to help advisers visually display the importance of IP.
Mike O’Brien head of sales and marketing at Exeter Family Friendly said: “Many consumers are blind to the financial mess they could end up in if they were unable to work as a result of ill health. We see it as our role to help advisers change this worrying situation.
“Our new calculator is a simple tool that captures information on income, expenditure and sick pay; to give a 12-month snapshot of a client’s finances if ill-health stopped them from working. The results are sure to be shocking to many, revealing a huge gap and a large financial hole to climb out of, unless IP is put in place.
“This isn’t complicated; just a simple five minute exercise for advisers to help them display visually how vital this product really is.”
The tool is available via the mutual’s website.