Can I add life insurance as an assets class in the model?
Can I add life insurance as an assets class in the model?
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Yes, life Insurance is sometimes used in the model. A common place is within the last segment we call the “Investment Segment”. This is because this segment is often used as a vehicle for a bequest. If you wish to show a death benefit from a existing policy showing income you can add additional income sources that start in any year of the plan using the additional income screen. You must also make sure the ‘Income Floor’ checkmark is checked. Doing this will make sure the money is shown as guaranteed income.
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