A Qualified Longevity Annuity Contract (QLAC) can be represented in MaxiFi in this way: 

Let's say you want to invest $100K of your regular IRA in a QLAC, which will pay $5K starting when you are 85. 

Here's what to do: 

1) Reduce your IRA asset balance that you enter under retirement accounts by $100K. 

2) Enter the QLAC payments as an annuity that's 100 percent taxable. 

3) Set the percentage payable to a surviving spouse to 100 percent.

For use in Alt Plans, you can separate out the amount you want to annuitize. Say 135K. In the base plan reduce one of the accounts by 135K and then create a new account, an IRA, with 135K in it. Now in the Alt Plan you an "exclude" this new account with 135K in it and also set up the annuity.