Overview
Insurance premiums are an important component of advice engagement because they represent the "fuel" leaving the family tank to keep their safety nets intact. Keep in mind that Asset-Map does not frame conversations around monthly budget line items, generally. Rather, when the advisor examines cash outflows and expenses on an annual basis, the client and advisor can see where the money going annually and have that important conversation.
Document the Premium
Where to put it: Enter the premium amount directly inside the specific insurance policy's input window, Details page.
Why it matters: This populates the data layer without cluttering the main screen. It ensures that when you run a Policy Summary Report for an annual review, the client can clearly see what they are paying versus what the policy is delivering.
Impact on Policy Summary Report
The Policy Summary Report (Summaries/Policy Summary) lists the current premium and premium interval (Curr Premium & Prem Mode).
Negative Cash Flow (Visualizing Outflows on the Asset-Map)
The Strategy: To show how premiums impact a client's bottom line, create a custom cash flow instrument mapped as an Expense. For example, you can map a "$5,000 annual premium" expense.
The Clutter Warning: Don't list every single minor line-item premium, or your map will look like a messy grocery receipt. Amalgamate them into high-level categories like "Insurance Premiums" or "Living Expenses".
Hide and Show Toggle: Use the Search and Select tool to hide these premium expenses initially. When the client asks, "Where is all our money going?" you can unhide them live to visually reveal the exact drag on their gross income.
6/2026