Allows clients to see how long they could afford to pay bills if they suddenly lost their income
Holloway Friendly has launched an online calculator which takes into consideration a client's savings and average cost of living in their region to indicate how long they could survive financially without their income. The ‘How Would You Survive?' tool, which can be found here, asks clients to enter their average monthly outgoings, how much they have saved and the region they live in. It then tells them how many months or years they would be able to continue paying their monthly outgoings without their income in relation to average rent and grocery costs in the area. "There are so man...
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