Lifetime income

Details Lifetime income Lifetime income

2007-03-16

2010-12-14

Kalinowski, Alexander (Department: 3691)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S035000, C705S03600T, C705S038000

Reexamination Certificate

active

07853509

ABSTRACT:
The present invention provides an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a specified age. Furthermore, the guaranteed stream is utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated liquid assets.

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Anthony H Riccardi, & Thomas R Ireland. (2002). A Primer on Annuity Contracts, Structured Settlements, and Periodic-Payment Judgements. Journal of Legal Economics, 12(3), 1-46. Retrieved Jul. 15, 2010, from ABI/INFORM Global. (Document ID: 805466031).
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Long, B.. (Jan. 2004). Solving The Other Half Of the Retirement Equation. Life Insurance Selling: Review & Outlook 2004,30,32,34-35. Retrieved Jul. 15, 2010, from Banking Information Source. (Document ID: 1480935461).
International Search Report dated Nov. 6, 2007 issued in related Application No. PCT/US07/07006.

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