Product update | NaviPlan 19.2 release

September 30, 2019 by John Heinen

About the author

John Heinen

Chief technology officer

As chief technology officer, John provides strategic, operational, and programmatic support of our products to the greater Advicent organization, our partners, and the industry. He leverages his decades of software development and product management experience to define business and product strategies, work directly with clients in providing technology solutions, and build product and service delivery organizations that deliver results while meeting regulatory requirements.

Our most recent update to NaviPlan includes visual enhancements of various reports and areas within the application, the ability to split surplus savings, and more.

To learn about the updates included for Canadian NaviPlan users, click here >

Surplus savings split

Surplus savings strategies now allow for client and co-client incomes to be factored and saved individually. Different savings percentages for each client can be entered using each client’s individual surplus. This change expands tax accuracy for non-joint filling plans and allows for additional savings strategy flexibility.

Go to the Assumptions page - General tab to select the Surplus Splitting setting. Surplus split strategies can be added on the Strategies page - Surplus tab.

Visual updates

Updates for quick action reports and legacy client reports

The Quick Action and Legacy Client reports have been updated to be consistent with the version 19.0 visual design updates. All functionality of the reports and their location within the application remains the same.

Asset allocation and graph color updates

The colors for the asset allocation classes and graphs have been updated to be consistent with the version 19.0 visual design updates. The new colors appear where ever graphs or asset allocation values are present.

What Are My Options report change

The What Are My Options reports now include a separate table for the What Are My Options choices. This change improves client readability

Miscellaneous changes

Itemized Cash Flow quick action report changes

The Itemized Cash Flow Quick Action report now includes a separate header for the client’s and co-client’s age. This change improves readability especially when clients are nearing retirement.

Long-term Care Insurance improvements

Long-term Care Insurance data entry now includes two checkboxes:

  • Tax Deductible: Determines if long-term care premiums paid are treated as qualified or not. If they are qualified, they can be tax deducted.
  • Per Diem Plan: Determines if the policy payout follows the daily payment amount that is considered tax-free.

This change enhances tax accuracy in Long-term Care Insurance scenarios.


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