Adding an Annuity with a Pre-Existing Income Rider

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. 

If you feel you need more support or would like to set up demo time with one of our representatives, please contact us at: +1-888-449-6917 or support@planscout.com.