How to enter fixed index annuity and crediting method values

welcome this video will walk you through

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how to add annuities into your income

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lab

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household when you're in your household

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from your main dashboard page or on any

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of the plan feature Pages find the

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pencil icon in the top right of your

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screen and then click edit to go to your

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plan

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edits then from the asset

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section find the annuities tab

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below here on the annuities tab is where

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you can fill out the information below

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to set up your annuity so first we can

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call it an account name just for this

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example I'll call this a fixed index

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annuity then you can select the annuity

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type you can either add a variable or a

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fixed index annuity in this case for

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this example I will use the fixed index

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example then we can select the annuity

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type so we'll just say this is a

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qualified annuity and then we can select

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the ownership and add the

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balance once you add the required

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information you'll notice that the gear

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icon will then pop up click the gear

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icon and then from there you want to

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then click the annuity settings button

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to then add the settings of your annuity

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first on this income tab we can add in

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the benefit base the guaranteed

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withdrawal rate we can select the

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covered lives whether that's both people

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or in each individual and then we can

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use the calendar icon here to select

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when the income uh will start from the

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annuity if the annuity does not come

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with lifetime withdrawals you can

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uncheck this box and put put an end date

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for the annuity there as

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well you'll also notice the advanced

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settings below will automatically

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withdraw rmds for the annuity if it's

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greater than the guaranteed withdrawal

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amount if you do not want this to happen

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automatically you can say no and then

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the software will only withdraw the

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amount from the annual benefit and not

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any additional to cover

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rmds next you can go to the benefit

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increases section here you can select

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the anniversary month you'll have the

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option of whether to choose if the

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benefits increase during the deferral

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stage via a rollup or VI a withdrawal

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rate increase once you select the toggle

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you can then enter for example here your

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roll up

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rate below you can then select how the

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benefit will increase during the

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withdrawal phas you can either use the

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balance high water mark option or select

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the asset allocation returns

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option then you can open up the advanced

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settings to enter more details about

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your annuity here we can select if the

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basic annuity projection will use

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average returns or if it'll be based off

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guaranteed growth and specific rates if

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you select the average returns option

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you can then select when the end of the

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guaranteed growth during the deferral

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period will be and then you can also

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select if the guaranteed growth base

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will grow simple or compounded and if it

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will be stackable or non-stackable

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if you choose the guaranteed growth rate

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and specific rates option you will then

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also be able to select the displayed

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annual income growth during the

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withdrawal phase so for example if this

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annuity again will grow by 3% in the

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withdrawal phrase We want to select that

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3% here in this

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field from there since this is a fixed

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index annuity we can also enter the

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information on the crediting methods

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you'll you will be able to open up the

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credit method field here to select

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whether it's based off a cap

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a participation rate or a fixed

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rate if the crediting method will change

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at some point in the plan you can

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uncheck this box that says use same

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crediting method values throughout plan

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and then select the end of the term and

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what the new crediting method value will

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be after the

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term if the annuity is using multiple

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crediting methods you can uncheck the

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second box here and then put in the

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splits Bas based off the crediting

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methods it's using

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and then the last option here is to

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enter any fees for the annuity so

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whether the annuity comes with an

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expense fee or an advisor fee or there's

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a living benefit fee you can add both of

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those here once you've added all your

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settings here click save and then on the

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right side again we want to click save

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to save our inputs and then we can click

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finish to then add the annuity into the

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plan and go back to our plan results

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once you've added the annuity into your

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plan there's a few areas where you we

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can specifically call out that annuity

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first if you click the spending capacity

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field you'll now see your annuity income

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will show up as protected income on this

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section helping you highlight how much

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of that income is being protected

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because it's coming from the annuity

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you'll also see that you can find the

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annuity here based off of the a text

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here next to the Sands icon and that

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will also point out the annuity that

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you've added you can also go into our

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stress test and in plans where you have

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an annuity you'll see the a option here

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on the right where you can stress test

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this specific annuity through the

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different historical periods that you

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have available in the stress test so

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example here we can see our fixed index

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annuity in the global financial crisis

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period and we can show our clients

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exactly how the income is experienced so

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here showing that the income does not go

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down and stays flat and is guaranteed

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through the life of the plan but then

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below we can also point out how the

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benefit base and balance also moves

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through this period so showing the

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benefit of the FIA where while the

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balance is going going down here we can

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see that our benefit based B level

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showing why we're getting that lifetime

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income from the

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annuity thank you for viewing this video

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we hope this helps please reach out to

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our team if you have any questions