If you are trying to illustrate an annuity in RetireUp, there are several ways to do this.
- You can use the pre-programmed annuities. Various insurance carriers have approved and paid to have their products added in RetireUp. If you wish to see a different carrier or product in RetireUp, please reach out to the respective wholesaler.
- You can use the custom rider option, under the assets tab
- You can add the income on the income tab and use a SPIA as the asset type. You can also increase the annual increase to show rising income. Change the description to simply FIA or enter the carrier name/product. Remember to change the asset as only use for net worth so it does not draw income from both the asset and the income tab.
- You can use the fixed annuity as an asset, change the description to the annuity product, enter the balance, give it a growth rate between now and annuitization, enter the withdraw rate. Adjust accordingly to match the illustration.