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.