Within the structured income pan you can add annuities that are already in existence with an income rider. Below are the step-by-step guidelines for adding an annuity with a pre-existing income rider.
Step 1: Edit: Click on the green edit button underneath the structured income planning subheading title.
Step 2: Add Account: Click on the green add account button underneath the structured income planning subheading.
Step 3: Account Name: Type in the account name.
Step 4: Initial Account Balance: Type in the monetary amount for the annuity.
Step 5: Hypothetical Return: Type in the monetary number for the hypothetical return.
Step 6: Bonus: Type in the monetary number for the bonus that aligns with the annuity and income rider.
Step 7: Tax Calculation Option: Click on the drop-down carrot arrow in the text box and select the tax calculation option.
Step 8: Sel: Click on the green Sel button next to the text box for the asset plan allocation and select the asset plan allocation.
Step 9: Account Owner: Click on the drop-down carrot arrow and select the account owner.
Step 10: Account Type: Click on the drop-down carrot arrow and select account type.
Step 11: Add an Income Rider: Click on which radio button the client has an annuity for.
Step 12: Select Income Rider: In the select income rider textbox, click on the down carrot arrow and select the income rider from the menu.
Step 13: Number of months of payout in first year: Type in the monetary number for the months. The default is set to 12.
Step 14: Structured Income Type: Select the radio button for Income Riders: Start payout from income rider.
Step 15: Income Data: Click on the text box for which year you would like the Income data to start on.
Step 16: Start Year for Rest of Plan: Click on the green Start year for rest of plan button next to the Income Data Table.
Step 17: Save: Click on the green Save button underneath the Manage Account Subheading.
Step 18: Structured Income Plan: Structured Income Plan: A new column of income should appear in the structured income plan.
Step 19: Saving the Structured Income Planning Scenario: Click the green Save button underneath the Structured Income Planning subheading.
Step 20: Edit: If you need to make an edit to the structured income plan click on the green edit button underneath the Structured Income Planning subheading.
Step 21: Cancel: If you need to go back to the previous page, click on the green Cancel button underneath the Structured Income Planning subheading.
Step 22: Logout: To sign out of SIPS, click on the Sign Out heading that is located in the upper right-hand side of the screen.
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