Income Insight | Covisum

Income InSight Key Features

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Marketing Materials

Access to professionally created marketing materials: strategy, emails, videos, presentation deck with script, and graphics

Roth Conversion Strategies

Generate specific strategies, with suggested dollar amounts, for completing Roth conversions.

Stress Tests

Test your client’s retirement strategy against a down market, an early death, cuts to Social Security benefits, inflation or a long-term care need.

Side-by-Side Comparison

Demonstrate the differences between two different retirement strategies.

Cash Flow Analysis

Drill down into the details and look at annual cash flows.

Incorporate Insurance Products

Show clients the impact of adding SPIAs, deferred annuities, or various insurance products.

Multi-Year Tax Map

Determine which account to draw from, and when, and find key opportunities for converting to a Roth.

Access to Support

Access to Expert Support & Customer Success

Unlimited free access to live support who can help you make the most of your subscription.

Printable PDF Report

Deep Integration with Covisum's Suite of Retirement Income Planning Solutions

The Extinction of the Nest Egg: How Successful Advisors Are Adopting a Carton Approach

Streamline Your Financial Planning Practice

Planning software built with a clear understanding of how the strongest advisors grow their business.

Income InSight®

$119.99 per month/per advisor

Join thousands of users who trust Covisum.

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Pricing FAQs

Can I take a trial of Income InSight?

Yes! You can try Income InSight for free for 10 days.

Do you have a demo video of Income InSight?

Yes, we do. Learn how to use Income InSight in your financial planning practice by watching this recorded demonstration.

Can someone demonstrate Income InSight for me?

A member of our customer success team would be happy to demo Income InSight for you. Choose the time and date that works best for you. Click here to schedule a live demo.

Can I subscribe monthly or annually?

Choose the subscription that's right for you at $119.99/per month or $1,400/per year.

Can more than one advisor use one subscription to Income InSight?

Your Income InSight subscription is intended for the sole use of one user, as outlined in our End User License Agreement (EULA). If you plan on utilizing our tools for multiple users you will want to have an enterprise-level EULA with us.

Is there an enterprise version of Income InSight?

Yes. Covisum powers some of the largest financial institutions in the United States. Contact sales for more information about our enterprise solutions.

Can I see your data security statement?

Our data security statement is designed to answer the most common questions Covisum is asked in a vendor due diligence review and to provide supporting documentation for your file. Click here to access our data security statement.

Try

Try Income InSight for free for 10 days with no obligation. Your 10-day free trial is designed to get you up and running with Income InSight.

Buy

Subscribe and unlock additional features and branding capabilities. Gain access to marketing materials. No contract required.

Grow

Helping you grow is why we’re in business. That’s why we provide practice management and marketing resources that align with your subscription.

"Income InSight helps me see the entire picture and demonstrate the value I bring to my clients as their advisor — I can show them what their retirement could look like with my recommendations."

Ryan

Financial Planner

"It's great that the Covisum tools have been designed by a financial advisor. The programs are user-friendly and boil down the numbers for a client. Income InSight makes it easy for my clients to see that I'm bringing value to the table. I really like the Roth conversion suggestions with the dollar amounts."

Bill

CFP®

"This tool is perfect for retirement planning. It helps me find value-adds that I wouldn't see otherwise. My clients really engage with the "red wedge" of taxes saved in the Tax Map report."

Larry

Vice President - Investments

Income Insight FAQs

How can I diversify my business offerings by offering comprehensive retirement income planning for my clients?

Comprehensive retirement income planning focuses on meeting clients’ lifestyle standards and priorities during retirement. This helps determine what current and future investments, contributions, and financial goals should be. If your practice has primarily consisted of selling insurance or managing investments, suggesting optimizations for Social Security benefits could be a logical next step.

How can my client avoid paying taxes on a Roth Conversion?

When it comes to IRA deductibility, there are many tax traps and opportunities. A comprehensive Tax Map can identify these and help you build a strategy around them.

What is a retirement income strategy?

A retirement income strategy focuses on optimizing Social Security benefits, looking for tax opportunities and hurdles, analyzing portfolio risk, and managing income harvesting patterns in a way that limits taxes and helps clients reach their income goals.

How do I know when to help my client take Medicare?

Your client can enroll in a Medicare supplement plan from the age of 64 and 6 months. At 64 and 9 months, clients can sign up for Original Medicare. Additionally, if your client waits too long to sign up for a Medicare plan, they may incur penalties.

How do I know when to help my client claim Social Security?

Your client can begin receiving Social Security at the age of 62, but at a reduced rate. Full retirement age depends on the year of birth, but is between 65-67. Every year claiming is delayed up to age 70, your clients receive a delayed claim credit. Each client’s situation is unique, so working together to determine goals will help to determine the best strategy for your client to take.

When should my client do a Roth conversion?

A Roth conversion could be beneficial if your clients are in a higher tax bracket during retirement or their recent earnings have been reduced or irregular.

What is a realistic retirement income for my clients?

Your clients' retirement incomes typically equal around 80% of their pre-retirement annual incomes. Medicare premiums will be adjusted based on annual incomes as individuals or married couples.

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