Your Life Results
Risk of death
These probabilities are based on mortality tables published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series assured lives mortality tables). The industry rates are projected to apply to a population of insured individuals - those people who have life insurance policies.
How would you cope financially?
It's never easy to think about what would happen if you, or your partner, were to die early. But thinking about how your partner and/or your dependants would cope financially and pay the bills without your regular income brings life sharply into focus.
Risk of suffering a serious illness
These probabilities are based on the rates of a critical illness occurring, published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series accelerated critical illness morbidity tables). These rates were adjusted to be applicable for standalone critical illness, based on a comparison of market experience and published morbidity tables. Using these standard rates and based on our own experience, we have also adjusted them to be applicable to the general population, which also includes people who do not have insurance policies.
How would you cope financially?
As well as dealing with the emotional upheaval of a serious illness, how would you cope financially if you/your partner fell seriously ill? Even if returning to work is an option after treatment and rest, you'll need financial support to help you get back on your feet and adapt to life ahead without the financial worry.
Risk of being unable to work for 2 months or more
These probabilities have been calculated using our own interpretation of industry statistics, combined with our experience of LV= income protection business sold, assuming a two month waiting period and a typical occupation.
How would you cope financially?
The average individual income protection claim is paid for 6 years and 9 months* which could mean you're out of pocket for a significant time with no income to rely on. And even if you are eligible for state benefits, it's very unlikely to cover all your weekly bills and living expenses. *Liverpool Victoria, 2022
Combined
These results look at the probability of any one of the three above events happening before the chosen retirement age. The results can be viewed separately for each person, or as a combination for a couple, based on the industry and population results above.
How would you cope financially?
It's never easy to think about what would happen if something happened to you (and/or your partner), but consider for a moment how your family would cope without the income they currently depend on?
Your Life Results
Risk of death
These probabilities are based on mortality tables published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series assured lives mortality tables). The industry rates are projected to apply to a population of insured individuals - those people who have life insurance policies.
How would you cope financially?
It's never easy to think about what would happen if you, or your partner, were to die early. But thinking about how your partner and/or your dependants would cope financially and pay the bills without your regular income brings life sharply into focus.
Risk of suffering a serious illness
These probabilities are based on the rates of a critical illness occurring, published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series accelerated critical illness morbidity tables). These rates were adjusted to be applicable for standalone critical illness, based on a comparison of market experience and published morbidity tables. Using these standard rates and based on our own experience, we have also adjusted them to be applicable to the general population, which also includes people who do not have insurance policies.
How would you cope financially?
As well as dealing with the emotional upheaval of a serious illness, how would you cope financially if you/your partner fell seriously ill? Even if returning to work is an option after treatment and rest, you'll need financial support to help you get back on your feet and adapt to life ahead without the financial worry.
Risk of being unable to work for 2 months or more
These probabilities have been calculated using our own interpretation of industry statistics, combined with our experience of LV= income protection business sold, assuming a two month waiting period and a typical occupation.
How would you cope financially?
The average individual income protection claim is paid for 6 years and 9 months* which could mean you're out of pocket for a significant time with no income to rely on. And even if you are eligible for state benefits, it's very unlikely to cover all your weekly bills and living expenses. *Liverpool Victoria, 2022
Combined
These results look at the probability of any one of the three above events happening before the chosen retirement age. The results can be viewed separately for each person, or as a combination for a couple, based on the industry and population results above.
How would you cope financially?
It's never easy to think about what would happen if something happened to you (and/or your partner), but consider for a moment how your family would cope without the income they currently depend on?
Your Combined Results
Risk of death
These probabilities are based on mortality tables published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series assured lives mortality tables). The industry rates are projected to apply to a population of insured individuals - those people who have life insurance policies.
How would you cope financially?
It's never easy to think about what would happen if you, or your partner, were to die early. But thinking about how your partner and/or your dependants would cope financially and pay the bills without your regular income brings life sharply into focus.
Risk of suffering a serious illness
These probabilities are based on the rates of a critical illness occurring, published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series accelerated critical illness morbidity tables). These rates were adjusted to be applicable for standalone critical illness, based on a comparison of market experience and published morbidity tables. Using these standard rates and based on our own experience, we have also adjusted them to be applicable to the general population, which also includes people who do not have insurance policies.
How would you cope financially?
As well as dealing with the emotional upheaval of a serious illness, how would you cope financially if you/your partner fell seriously ill? Even if returning to work is an option after treatment and rest, you'll need financial support to help you get back on your feet and adapt to life ahead without the financial worry.
Risk of being unable to work for 2 months or more
These probabilities have been calculated using our own interpretation of industry statistics, combined with our experience of LV= income protection business sold, assuming a two month waiting period and a typical occupation.
How would you cope financially?
The average individual income protection claim is paid for 6 years and 9 months* which could mean you're out of pocket for a significant time with no income to rely on. And even if you are eligible for state benefits, it's very unlikely to cover all your weekly bills and living expenses. *Liverpool Victoria, 2022
Combined
These results look at the probability of any one of the three above events happening before the chosen retirement age. The results can be viewed separately for each person, or as a combination for a couple, based on the industry and population results above.
How would you cope financially?
It's never easy to think about what would happen if something happened to you (and/or your partner), but consider for a moment how your family would cope without the income they currently depend on?
Description
Our Risk Reality Calculator gives a guide of something happening to someone up to a certain age. It doesn’t reflect the chances of something happening to someone at any given point in time. It’s generally accepted the older you get, the higher the chance of something happening to you which would stop you from being able to work.
The statistics used by the Risk Reality Calculator are based on a large number of people and give a reasonable guide to the average likelihood of one of the described events happening. However, we also recognise that everyone is unique, so the results should be used as a rough guide and preferably talked through with a qualified financial adviser.
The results give the probability of any one of the three described events happening between your current age and the planned retirement age you’ve selected on the calculator (between ages 55 - 70). The later you retire, the higher the chance of something happening, and this will be reflected in the calculator results.
The results are given separately for each person, as well as a combination if two people are included. For the combined results for two people, the probabilities for each person are based on different periods of time, depending on their current age and the retirement age they’ve selected on the calculator. It’s assumed that the chances of something happening to each life are not linked (the lives are independent).
Risk of being unable to work for 2 months or more
These probabilities have been calculated using our own interpretation of industry statistics, combined with our experience of LV= income protection business sold, assuming a two month waiting period and a typical occupation.
Risk of suffering a serious illness
These probabilities are based on the rates of a critical illness occurring, published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series accelerated critical illness morbidity tables). These rates were adjusted to be applicable for standalone critical illness, based on a comparison of market experience and published morbidity tables. Using these standard rates and based on our own experience, we have also adjusted them to be applicable to the general population, which also includes people who do not have insurance policies.
Risk of death
These probabilities are based on mortality tables published by the Institute and Faculty of Actuaries’ Continuous Mortality Investigation ('08' series assured lives mortality tables). The industry rates are projected to apply to a population of insured individuals - those people who have life insurance policies.
Combined results
These results look at the probability of any one of the three above events happening before the chosen retirement age. The results can be viewed separately for each person, or as a combination for a couple, based on the industry and population results above.
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