Calculations
Contents
The calculation tab provides the ability to select which primary and alternative option the client wishes to select, and various ways of viewing the calculated data. The input and calculation tabs are each discussed below.
Data Input
Option to Take
Select the option the client will select. Typically this is the primary option for the plan. For some pension plans that provide other benefits (e.g. medical insurance) a client may want to select an option that provides their spouse with the least amount of income and provide the other benefits.
Option to Replace Income From
Select the option to replace the income from. If the option previously selected provides an income, TRAK will calculate the insurance needed to replace the difference in income.
Calculation Tabs
There are 8 different calculation tabs, and a data-entry tab, that can be selected from:
1.Overview