Transcript:

Modeling an Early Mortality Event in Voyant

This video walks through how to model an early mortality event in a client’s plan using a What-If scenario and Voyant’s Guided Plan Creation tools.

Creating an Early Mortality What-If Plan

1. Navigate to the What-If section of the plan.
2. Select Guided Plan Creation.
3. Choose Change Life Expectancy.
4. Locate the client whose mortality you want to adjust.
5. Click and drag the mortality event to the desired age
   • In this example, Tommy’s mortality is moved to age 45.
6. Click through the guided steps and save the plan.

This creates a new What-If scenario modeling an early mortality event.

Renaming the What-If Scenario (Optional but Recommended)

To make the scenario easier to identify:

1. Click the client name in the top right corner.
2. Select Manage Plans.
3. Click Plan Details.
4. Update the plan name to something descriptive (for example, Early Mortality – Tommy Age 45).
5. Click Save.

Reviewing the Impact on the Plan

Once the What-If plan is created:

• Review the Cash Flow chart to check whether the plan shows a shortfall.
• In this example, no shortfall is projected following the early mortality event.

Using Year View to Review Payouts

1. Navigate to Year View.
2. Move the slider to the year the mortality event occurs.

In that year, you will see:

• The widow’s pension entering the plan
• The term assurance payout paid to the surviving spouse

By default, these funds are swept into the survivor’s cash account.

Investing the Insurance Proceeds (Optional)

If you would prefer to invest the insurance proceeds instead of leaving them in cash:

1. Navigate to the Transfers section.
2. Select the destination investment account.
3. Set the source to All Surplus.
4. Choose All Available.
5. Set the timing to occur in the same year as the mortality event.
6. Click Done.

This schedules the insurance payout to be transferred into an invested asset.

Comparing Plans with the Client

To discuss the impact with the client:

1. Go to Let’s See.
2. Select Compare Plans.
3. Choose the relevant chart view (for example, Cash Flow or Assets).

This allows you to visually compare the base plan and the early mortality What-If scenario during a client meeting.

Key Takeaways

• Early mortality scenarios should be modeled using What-If plans, not the base plan
• Guided Plan Creation makes mortality modeling quick and controlled
• Insurance payouts default to cash but can be invested using transfers
• Comparing plans visually helps guide client conversations

Need Help?

If you have questions about modeling early mortality or reviewing insurance outcomes:

1. Click the client name in the top right
2. Select Request Support
3. Enter your question and share client access

You can also contact:
support@planwithvoyant.com