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...

2011-05-17

2011-05-17

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

07945513

ABSTRACT:
A data processing method determines a contract value of a deferred annuity product during the accumulation phase. The method includes receiving by a computer a request for a withdrawal during the accumulation phase, the amount of the withdrawal being no more than a lifetime benefit payment amount, determining by the computer whether the contract value, after deduction of withdrawal is below a minimum contract value, and if the contract value would be below the minimum contract value, providing an output signal by the computer that. The contract value is not reduced below the minimum contract value.

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