Thursday, September 1, 2016

Income Coverage

11:29 AM


Can you explain the concept of "income coverage" in the risk analysis results?


For the income coverage, it is defined as lifetime sources of income over total average income. It is a useful measure for lower wealth individuals that require the peace of mind of knowing funds will be available to cover their expenses no matter how long they live. A few other users mention that the usually low percentage requires extra explanations to clients and we will be adding wording to indicate that it's not a bad thing if funds are sufficient.


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