Annuity having interest rate coupled to a referenced...

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Reexamination Certificate

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C705S03600T, C705S004000

Reexamination Certificate

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07080032

ABSTRACT:
An annuity provides a guaranteed rate of return for a guarantee period while at the same time providing upward adjustments to the interest rate if there is a corresponding increase in a specified referenced rate, which may be a United States Treasury rate or an interest rate that is used to settle a contract that is traded on a financial futures exchange. The guaranteed base interest rate is set at the beginning of the guarantee period, and the annuity account is credited with the base interest rate for an initial pre-defined period, which is some portion of the guarantee period. Periodically, as defined by the pre-defined period, the then-current referenced rate is compared to a base referenced rate that was defined at the establishment of the guarantee period. If the referenced rate has increased, the interest rate that will be credited to the annuity account value will increase by an amount that is based on the amount of increase in the referenced rate. If the referenced rate has not changed or has decreased, the interest rate that will be credited to the annuity account value will be the guaranteed base interest rate that was set at the beginning of the guarantee period.

REFERENCES:
patent: 4742457 (1988-05-01), Leon et al.
patent: 5689649 (1997-11-01), Altman et al.
patent: 5742775 (1998-04-01), King
patent: 5832461 (1998-11-01), Leon et al.
patent: 6064969 (2000-05-01), Haskins
patent: 6275807 (2001-08-01), Schirripa
patent: 6611815 (2003-08-01), Lewis et al.
patent: 6636834 (2003-10-01), Schirripa
patent: 1 049 037 (2000-11-01), None
Allstate Life Insurance Company, Flexible Premium Deferred Annuity Contract, Oct. 2001, pp. 1-12 and two Annuity Data Pages, North Brook Illinois.
American Equity Investment Life Insurance Company, The Performance Equity-Indexed Annuity, A Gold Medal Performance!, Dec. 1999, pp. 1-4, Des Moines, IA.
Rankin, Jennifer C., Annuities: New Designs for a New Century, Resource, Jun. 2001, pp. 6-8 and 10-12.

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