Annuity Models - RightCapital Help Center

Annuity models in RightCapital allow you to pre-build annuities and distribution options into your Advisor Portal, and easily import them into any of your client plans going forward. If you find yourself entering or proposing the same annuity products repeatedly across multiple clients, utilizing annuity models will save you a significant amount of time while building client plans in RightCapital.

Annuity Models can be seen and customized for use in the Advisor Portal > Models > Annuities tab. After being created, annuity models can be chosen when entering an annuity as an asset in a client's Profile, or when proposing an annuity purchase in their Retirement Analysis tab.

Adding New Annuity Models

To create a new annuity model, navigate to the Models > Annuities tab of your Advisor Portal, and then click "Add Annuity Model" on the left. After being created, the new annuity model can be renamed by clicking the "..." icon:

You can also make a copy of an existing model by hovering over a model, and clicking the copy icon to the right of the model name:

After adding an Annuity Model, you can use the 'Annuity Type' menu on the right to choose between Variable, Fixed, Indexed, and Indexed Variable. The data entry fields beneath will update to reflect your chosen option, allowing you to enter the necessary parameters:

Looking for more on Annuity Types?

Please use the hyperlinks below for a more thorough overview of each annuity type, including descriptions of each data entry field:

With your annuity type selected and the data entry fields completed, you can then choose to enter one or more distribution options for that annuity by clicking the + Add Distribution button. You can choose between Annuitization and Lifetime Income, and then fill out the corresponding data entry fields:

Annuitization will surrender the account value in exchange for a guaranteed fixed income stream. This option will populate new fields to enter the details of the annuitization.
Lifetime income can be used for an annuity that has a guaranteed lifetime income rider or associated benefit. This option will populate new fields to enter the details of the lifetime income guarantee.

Re-order Annuity Models

When viewing the list of your annuity models, RightCapital allows you to change the order they are displayed. Within the list of models on the left, you can click on the title of one of the annuities and then drag it to the desired location.

Delete Annuity Models

Annuity models can be deleted by hovering your mouse over a particular annuity, and then clicking the 'x' icon that appears to the right:

Where to Apply Annuity Models

After new annuity models are created and saved in the Advisor Portal, they can be easily copied into any client plan. Annuity models can be used in two locations:

When entering an annuity as an asset into a client's Current Plan, in the Profile > Net Worth section
When proposing an annuity purchase as part of a Proposed Plan, in the Retirement > Analysis section

In both locations, after adding the annuity you will find a "Copy From Model" button. Clicking this button will open a new drawer, allowing you to choose an annuity model and your desired distribution model for that client:

After clicking Save, the Annuity Type and Distribution parameters will be copied into your annuity entry within the client plan. At this point, you can make adjustments to any of the data entry inputs if necessary before Saving that annuity entry.