Do a life analysis

Find out how to do a complete life analysis in just a few minutes, without even leaving the contact file!

Laylah offers you a simple, fast and complete life analysis for all your clients.

Information from the contact file, including date of birth, smoking status, relationship to a couple, links to children and insurance coverage, is included in the life analysis to avoid double entry.

Just complete the balance sheet in the financial data section and you're ready to begin your analysis.  

Life analysis presentation

The life analysis has 6 sections:

Scenarios

You can create multiple scenarios in the life analysis.

Data, results, pins and recommendations are unique to each scenario.

Data and analysis assumptions

All the sections in the left-hand column are divided into 4 parts. Each part is detailed below.

Factual data

This data can help you in your discussions with your customer.

Pins

These are little personal notes specific to that scenario. You can create several pins per scenario. They are not included in the final report.

Recommendations

These are the recommendations for this scenario.  Your recommendations will be displayed at the bottom of the first page of the analysis.

Create a life analysis

1. Click on the Analysis button  in the left-hand vertical menu of the contact form.
2. Click on the Analyses and calculations button in the horizontal menu.
3. Select Life analysis.
4. Click on the Add analysis button if no analysis is present.
   
   
5. Complete the analysis data in the left-hand section and see the results on the right.

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The 4 sections of life analysis

Death Expenses

These are expenses that will be present throughout the life of the insured.

A default amount is defined for funeral and testamentary expenses. You can modify these amounts to suit your needs.

Liabilities

Payables are taken directly from the liabilities section of the balance sheet.

The analysis assumes that debts are repaid in full on death, but you can also repay the individual portion.

Income Replacement

It calculates the monthly income shortfall on the death of the insured and identifies the capital needed to replace it for a certain number of years.

Several fields are already calculated to save you time, including net monthly income, monthly loan repayments and monthly savings.

A calculator is available to estimate the amount of the Survivor Pension and the Orphan's Pension.

The Replacement Needs Calculation section displays the monthly shortfall and proposes to cover it for a period of 5 years.  You can change the duration as required.

Available Assets at Death

These are all the sums available following the death, including Liquidable Assets on the balance sheet and insurance coverages.

By default, no assets are selected, but you can select them as required by clicking on the small pencil.

Writing your recommendation

You can write your recommendation from scratch by clicking on the + or use one of the recommendation templates added by your administrator.

Et voilà !  You've created your first life analysis.