Graph illustrating the anticipated outgoing payments each year for the scenario – focus on all payments only. Recalculated with a different death age assumption for one client.
Can be used to address retirees great fears -- dying immediately after retirement or out living their income.
Effects of an earlier or later death than assumed in the underlying scenario
Illustrates the total needs on a year-by-year basis throughout retirement with all earning, cash flow, inflation, etc. taken into account
Shows the benefits and protection provided by life insurance if an unexpected death occurs earlier than expected. For a later death, it may be used to show the long-term impact of premium payments.
Restatement of goals – make all retirement payments without using restricted assets
The non-analytical who quickly understands simple graphics but wants to see all types of payments on one graph