Click on images to expand in a new tab
Overview
The General Insurance strategy in AdviserLogic Digital Advice helps you document recommendations for property-based and liability insurance as part of a client’s broader advice scenario. It is a Custom Strategy that loads pre-filled template text you can tailor, so you can clearly articulate why the client should consider or review general insurance cover alongside other financial protection recommendations. In AdviserLogic, General Insurance sits under the broader Insurance strategy category within Digital Advice.
Custom Strategy
The General Insurance Strategy is a Custom Strategy, a template with prefilled text relevant to the recommendation, rather than a strategy that calculates data.
Custom strategies are designed to reduce the time and effort required for drafting in the advisory process. By providing pre-filled text data relevant to the selected strategy, advisors do not need to start from scratch, saving valuable time.
To learn more about Strategy Types, please read the Strategy Cheat Sheet.
General Insurance Strategy Selection
Follow the step-by-step instructions to recommend your client speak to an insurance specialist as part of a General Insurance Strategy, which can be used with other strategies.
📌Note
Before completing this advice, you can model an Insurance strategy in the Cashflow Module. The modelling can be added to the advice to support your recommendation.
From the Digital Advice - Scenarios Screen, select the Add Scenario icon.
Select the Client the advice is for, or select Joint to create advice for your client and partner. Select the type of advice ( SoA or RoA), then Proceed To Scope.
Select the General Insurance Strategy from the Strategy screen, then select Proceed. Link the client's Goals or skip this step.
General Insurance Strategy
To adjust your Advice text, use the Editor Tool at the top of a Word document-inspired page.
It's a user-friendly feature enabling you to customise your text as needed.
📌Note
Hovering over each icon in the tools ribbon will show what it does.
To help you with your task, the text area has been designed with two main headings recommending the client speak to a Health and a General Insurance Specialist, along with headings for you to enter the reasons for this.
My Advice - Outline your advice to the client in seeking a Health or General Insurance Specialist.
Why My Advice Is Right for You - Add the reasons for which you have recommended the strategy to the client, along with their benefits.
Edit the Advice Document
You may also edit the advice document from within the scenario by selecting the Preview button from the top right of any screen within a digital advice scenario and following the Advice Editing Instructions.
Fee Disclosure
After editing the text to your liking, select the Proceed to Disclosure Fees button at the bottom right of the screen. From there, add your fees and complete your advice.
Link Cashflow
After completing the advice, you may add any previously created cashflow modelling to the scenario by selecting the Link Cashflow option from the Scenario Tile. The cashflow tables will be drawn into the final advice document.
