How to Model Income from an Insurance Policy

This article will teach you how to model income from an insurance policy inside Income Lab.

Instructions

1. After selecting your chosen household, select the pencil icon (✎) to edit the household plan.
   
   

2. First select Income, then Other Income. From there, you can input a new line item for the insurance policy income you would like to add. It's important to select Not Taxable as the Tax Treatment.
   
   
    

3. You can also select the gear (⛭) icon next to the line item and add more advanced information.