Method and system for providing minimum contract values in...

Details Method and system for providing minimum contract values in... Method and system for providing minimum contract values in...

2011-05-24

2011-05-24

Campen, Kelly (Department: 3691)

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

Automated electrical financial or business practice or...

Finance

C705S004000, C705S035000, C705S03600T, C705S03600T

Reexamination Certificate

active

07949601

ABSTRACT:
A data processing method administers a deferred annuity contract during the accumulation phase for a relevant life. The annuity contract has a contract value, a guarantee of lifetime benefit payments and a minimum contract value. Administration of the contract determines a minimum contract value, while paying a lifetime benefit payment less than the minimum contract value and a guaranteed death benefit not less than the minimum contract value. The lifetime benefit payment does not reduce the contract value below the minimum contract value.

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