Covisum Income InSight

What Covisum Income InSight is

Covisum Income InSight is a web-based financial planning platform for advisors serving mass-affluent and affluent clients who are retired or transitioning into retirement. It combines retirement tax planning, income needs, and Social Security planning. Advisors can generate Roth conversion strategies with suggested dollar amounts, review annual cash flow, and create printable PDF reports. Scenario tools let advisors examine the effects of a down market, early death, Social Security benefit cuts, inflation, or long-term care needs. The platform can also illustrate the impact of SPIAs, deferred annuities, and other insurance products. Income InSight integrates with Covisum's Social Security Timing, Tax Clarity, and SmartRisk tools. Subscriptions include live support and customer success assistance. The product page says no contract is required and describes subscriptions as intended for one user; multiple users require an enterprise-level agreement. It is paid, with a monthly subscription at $119.99 a month or an annual subscription at $1,400 a year. A 10-day trial is available, but there is no free plan. Covisum was founded in 2019 and is headquartered in Omaha, Nebraska, United States.

Who it suits

Income InSight is for financial advisors working with mass-affluent and affluent clients in retirement or nearing retirement. It suits advisors who need retirement income, tax, Social Security, and scenario analysis in a web-based planning tool.

Limits

There is no free plan; the trial lasts 10 days. Subscriptions are intended for one user, while multiple users require an enterprise-level agreement.

Getting started

1. Visit the Income InSight product page.
2. Start the 10-day trial.
3. Choose a monthly subscription at $119.99 a month or an annual subscription at $1,400 a year.
4. Use the web-based application for planning.
5. Contact Covisum support and customer success for assistance included with a subscription.

Verdict

Choose Income InSight if you advise clients near or in retirement and need integrated income, tax, Social Security, and scenario planning. Look elsewhere if your workflow depends on synchronized accounts, client collaboration, or standard subscriptions for multiple users.