It's simple to use fixed annuities in Riskalyze!
- Start by creating a new account in your client portfolio. Choose Annuity or Insurance as the type.
- Choose ENTER CUSTOM, enter the Company Name and Product Name (e.g. "Allstate", "5 Year @ 3%"), and then click NEXT.
- Choose Use Income Stream, then click NEXT.
- Enter the Contract Value/Benefit Base, Income Start Year, and Income Withdrawal Rate for the annuity. Also, if the annuity will grow between now and the Income Start Year, enter the rate that it will grow as the Withdrawal Base Rider Increase. For example, let's say the Allstate annuity will grow at 3% from now until retirement, at which time it will provide a guaranteed 3% income:
- Finally, click SAVE.
You've successfully added the fixed annuity to your client's portfolio!