The move is part of Bright Grey’s plans to kick start protection reviews between an adviser and their client and boost protection sales. The lifestyle calculator will evaluate spending habits, small purchases and then work out a suitable protection plan.
Bright Grey head of intermediary sales Kevin Stevens says: “It’s quite a shock to see how the things you don’t think twice about add up over a month. Not only does the Bright Grey calculator help put clients’ monthly lifestyle spend into context, but it also helps overcome one of the greatest barriers people have when considering protection – cost.”
Stevens says by cutting back on lifestyle costs now, “could make the difference between financial stability or financial hardship”.