System for and method of variable annuity contract...

Details System for and method of variable annuity contract... System for and method of variable annuity contract...

2006-03-21

2006-03-21

Kazimi, Hani M. (Department: 3624)

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

Automated electrical financial or business practice or...

Finance

C705S03600T, C705S004000, C705S007380

Reexamination Certificate

active

07016871

ABSTRACT:
A system for and method of variable annuity contract administration is provided. Each variable annuity contract includes a bonus investment credit percentage, withdrawal charge percentages less than or equal to the bonus investment credit percentage in all contract years, and level asset-based compensation to distributors. In accordance with the invention, data relating to variable annuity contracts are stored in a memory means. A processing means is configured to read and manipulate the stored data to administer the variable annuity contracts from issuance to payout.

REFERENCES:
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patent: 5893071 (1999-04-01), Cooperstein
patent: 6275807 (2001-08-01), Schirripa
patent: 6345261 (2002-02-01), Feidelson et al.
patent: 6611815 (2003-08-01), Lewis et al.
patent: 2002/0046110 (2002-04-01), Gallagher
patent: 2004/0177022 (2004-09-01), Williams et al.
patent: 2004/0215493 (2004-10-01), Koppes et al.

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