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LifeYield Announces Enhancements to LifeYield Social Security Advantage

By LifeYield | October 11, 2016 | Social Security Advantage

Version 2.0 features Benefit Delay and Benefit Replacement to assist advisors and investors in replacing income when Social Security benefits are delayed

BOSTON, October 11, 2016 – LifeYield, a transformative software company helping forward-thinking financial firms, advisors and investors make more and keep more money, has announced enhancements to its Social Security Advantage solution, adding Benefit Delay and Benefit Replacement features. LifeYield now helps determine how to supplement income when the optimal strategy calls for delaying filing for benefits and, in the case of a married couple, determining how best to replace benefits lost after the first spouse passes.

Currently used by over 50,000 advisors and investors, LifeYield’s Social Security Advantage was created to simplify the complex process of determining when and how an individual should file for benefits in order to maximize income in retirement.

Every individual situation is different, though many file at the earliest age possible because they need the income. Others filer early because they simply may not be aware they can gain up to almost 9% more in payments for each year they delay filing. The Benefit Delay feature helps determine how to fill the income gap if filing is delayed, while the Benefit Replacement feature suggests how to replace income lost when the first of a married couple dies. Each feature describes the types of investment and/or insurance products that can provide income during those years.

“We developed the Benefit Delay and Benefit Replacement features to provide advisors and investors direction on how to fill income gaps during years where Social Security income might be lower as part of a strategy to maximize overall benefits,” said Mark Hoffman, CEO of LifeYield. “Our tools analyze and suggest where investment and/or insurance products can provide income during the gap years.”

Delaying Social Security is not the only way to increase benefits. The LifeYield Social Security Advantage considers other options that would allow investors to reap the highest level of income – such as strategies in which married, widowed, or divorced individuals switch between benefit types – all of which are difficult to determine manually.


About LifeYield
LifeYield (, creators of the Taxficient Score®, is the industry innovator and leader in facilitating tax-smart, risk-smart household portfolio management. LifeYield's Advantage Suite® enables financial advisors to provide a comprehensive, tax-aware view of a client's entire investment and insurance portfolio, including easy-to-use tools to engage clients so they make and keep more money, and achieve their financial goals.
Based in Boston and founded by finance and technology industry leaders, LifeYield believes that by leveraging digitally enhanced advice advisors can improve investor outcomes and enhance the value and experience of support goals-based wealth management strategies.
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