Description: Income Wizard Find's Best Guaranteed Retirement Income based on your client’s needs. Using Income Wizard you can scan all products available from all carriers and all the facts. Income Wizard finds you which income products, annuities provide the most monthly income for a specific client’s requirements. Income Wizard finds you how to meet a client’s guaranteed monthly income needs with the least premium requirements.
fixed annuity (22) immediate annuity (19) variable annuity (18) annuity rates (13) fixed index annuity (12) retirement annuity (7) annuity calculator (5) what is an annuity (4) annuity definition (4)
Income Wizard gathers annuity data from published information e.g. annuity prospectuses, fact sheets, sales literature and regulatory filings, among other sources. We use a combination of software tools and professional analysts to extract key information, do quality checks and upload to Income Wizard. We track changes to policies, update the information and keep a historical log of all changes..
Income Wizard uses GMI™ — the guaranteed monthly income — as the baseline for evaluating and comparing the performance of different annuities. Income Wizard calculates an annuity’s GMI given a client’s age, age at first purchase, sex, state and policy type (single/joint). Our analyses show that an annuity’s GMI is a consistent predictor of annuity performance over a wide range of ages and client requirements.
Income Wizard generates a number of reports detailing the features of selected annuity products, tables showing projected income over the lifespan of the prospect, scenarios of likely growth and implications for benefit base, withdrawals and contract value, and other data. These tables carry the advisor’s branding: name, company name, address, contact information, date produced and other details..