Drewberry releases Income Riskometer consumer tool

25/06/2020
Financial advisers Drewberry have launched their latest online tool to help consumers gauge how at risk their income might be if they are unable to work due to accident or sickness.
 

How the Riskometer works?

The Riskometer works by answering 5 key questions are based around the persons individual circumstances. We ask how long you would receive employee sick pay, if you have access to any savings to fall back on, your capacity to financially survive on state benefits, any employee benefits which might be considered as well as potential financial support from family or friends should you need it.

Depending on your answers, our clever tool will show you the kind of risk level you might find yourself in ranging from low to high. As well as this, we explain in more detail how we come to collate your score on the Riskometer by looking at some other external factors such as:-

  • How common it is for workers to be off work for 6 months or longer
  • How much you would be entitled to on State Benefit and for how long you can claim this
  • The average claims length on an Income Protection policy

 

 

Income Riskometer
You can access the tool here →

The aim of the tool is to highlight the risk of not having Income Protection in place should the worst happen and you’re unable to work and fulfil your monthly outgoings. Even if you find yourself in a ‘low risk class’ it might still be worth discussing your specific situation as everyone’s circumstances are different.

Tom Conner, Director at Drewberry, said “We are very excited about our latest tool The Riskometer. Providing as much information as we can to the consumer so they are better informed is high on our agenda, we want to arm people with as much knowledge on the risks of being unable to work due to illness or accident as possible and we find that these interactive tools are a great way to achieve this.“

Drewberry Income Riskometer

Contact Us

Head Office
7th Floor Corn Exchange
55 Mark Lane
London
EC3R 7NE
Personal Insurance & Accounts Payable
Telecom House
125-135 Preston Road
Brighton
BN1 6AF
Drewberry London Office MapDrewberry Brighton Office Map

If you are unhappy with our service, we have a complaints procedure, details of which are available upon request. If you are unhappy with how your complaint has been dealt with, you may be able to refer your complaint to the Financial Ombudsman Service (FOS). The FOS website is www.financial-ombudsman.org.uk.

Drewberry is a trading name of Brown & Brown Health and Employee Benefits Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 312878. Registered in England and Wales (company number 3910149). Registered address: 7th Floor, Corn Exchange, 55 Mark Lane, London, EC3R 7NE.

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