Capita has released a software package that will allow financial advisers to compare products offering different elements of life and health cover.
The option adds a menu based protection ability to the existing Synaptic research suite of programmes.
This will enable financial advisers to consider products that offer varying levels and types of cover to suit their clients' specific needs.
The new area has launched with twelve plans from nine market-leading providers including LV=, Bright Grey, Legal & General and Scottish Provident.
Like existing research modules, products are filtered in or out based on each client's specifications with plans that do not support criteria selected by the adviser being eliminated from the research process.
Once an appropriate policy has been found, full suitability reports can be produced to justify and evidence the recommendation, allowing advisers to quickly and easily show they are meeting the Treating Customers Fairly principles.
Capita Financial Software's head of product management, Simon Thomas, said: "Advisers are now looking to combine elements of cover from each protection type: term assurance; income protection; critical illness or unemployment benefit; to ensure that their clients have suitable cover in place should the unexpected occur.
"The new service we have developed will help advisers to consider all essential protection needs for their clients."
The menu based protection area is available to existing Synaptic users now.
