Method and system for a deferred variable annuity with...

Details Method and system for a deferred variable annuity with... Method and system for a deferred variable annuity with...

2011-01-25

2011-01-25

Apple, Kirsten S (Department: 3694)

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

Automated electrical financial or business practice or...

Finance

C705S004000

Reexamination Certificate

active

07877306

ABSTRACT:
A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a lifetime benefit payment amount available for withdrawal without reduction in the payment base. The lifetime benefit payment amount available is based in part on a withdrawal percent determined in accordance with a withdrawal percent relationship that provides a particular withdrawal percent for each respective completed year since the purchase date of the contract.

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