Note: The configuration dialog box can be accessed by clicking on the Configuration button () at the top of the Multi-Tier Split Annuity Data Input screen. It is also available by selecting "Setup/System" in the main menu and in the navigator on the left selecting "Multi-Tier Split Annuity".

The fields below are used to configured the Multi-Tier Split Annuity calculator's Data Entry screen in TRAK.

Payout method

Select the payout method for the various tiers, either an Annuity Rate (dollar per thousand per month) or Interest Rate.

Allow editing tier name

Check this box to enter a name for each tier. If this is not checked, the tiers will be named "Period 1," "Period 2"... and "Final Period."

Allow for premium bonus per tier

If any time period has a premium bonus, check this option.

Allow editing inflation per tier

Inflation can be estimated for all time periods, or configured per tier. To configure per tier, check this box.

Show start/end year in grid

Checking this shows the start and end year of each tier in the tier grid.

Show start/end age in grid

Checking this shows the start and end age of the client of each tier in the tier grid.

Setting Defaults

Clicking on the Set as Default () button will save the settings in the Configuration dialog as the default settings for new illustrations. It will not alter settings for existing illustrations.