Income Lab, a retirement income software provider, has launched new annuity modeling, comparison and stress-testing capabilities for advisors.
Advisors using Income Lab's tools can now incorporate annuities into retirement income plans and give clients a comprehensive view of how lifetime income can affect their financial lives.
The offering is designed to provide financial advisors with tools to clearly illustrate how annuities work, according to the announcement. It also helps clients compare annuity options and evaluate how annuities affect how much clients can spend in retirement.
The new annuity analysis features integrate directly with Income Lab's existing suite of retirement planning tools.
