eValue has launched Protection Planner to allow advisers to illustrate how a client's sudden death would financially effect their dependents.
The new offering models how long income will last based on a client's assets, liabilities, income, expenditure and any life cover in place.
It can also show how much capital is needed to cover desired income over a set timeframe.
eValue referred to figures from the Office of National Statistics which revealed around 20% of deaths in a year are from those of a working age. For dependents unexpectedly losing a loved one, coping with the fallout as a result of the shortfall in future income can have serious financial consequences.
Joanna Hall, sales and marketing director at eValue, said: "Bereavement is a delicate subject for advisers to broach, and unfortunately it is something that is likely to touch a number of people during their working lives.
"Protection Planner enables advisers to demonstrate their ability to highlight a potential financial crisis. It will give them the insight needed to quickly engage their clients and practically show them how they can ensure their dependents are financially secure in the event of their unexpected death."
