Annuity having interest rate coupled to a referenced...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

Reexamination Certificate

active

07613644

ABSTRACT:
An annuity provides a guaranteed rate of return for a guarantee period while at the same time providing upward adjustments to the interest rate if there is a corresponding increase in a specified referenced rate. The guaranteed base interest rate is set at the beginning of the guarantee period, and the annuity account is credited with the base interest rate for an initial pre-defined period. Periodically, the then-current referenced rate is compared to a base referenced rate defined at the establishment of the guarantee period. If the referenced rate has increased, the interest rate that will be credited to the annuity account value will increase by an amount that is based on the amount of increase in the referenced rate. If the referenced rate has not changed or has decreased, the interest rate that will be credited to the annuity account value will be the guaranteed base interest rate.

REFERENCES:
patent: 4742457 (1988-05-01), Leon
patent: 5689649 (1997-11-01), Altman
patent: 5742775 (1998-04-01), King
patent: 5832461 (1998-11-01), Leon
patent: 6064969 (2000-05-01), Haskins
patent: 6275807 (2001-08-01), Schirripa
patent: 6611815 (2003-08-01), Lewis
patent: 6636834 (2003-10-01), Schirripa
patent: 2003/0120566 (2003-06-01), Lipschutz et al.
patent: 1049037 (2000-02-01), None
patent: 1 049 037 (2000-11-01), None
Allstate Life Insurance Company, Flexible Premium Deferred Annuity Contract, Oct. 2001, pp. 1-12 and two Annuity Data pages, Northbrook, Illinois.
American Equity Investment Life Insurance Company, The Performance Equity-Indexed Annuity, A Gold Medal Performance!, Dec. 1999, pp. 1-4, Des Moines, Iowa.
Rankin, Jennifer C., Annuities: New Designs for a New Century, Resource, Jun. 2001, pp. 6-8 and 10-12.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Annuity having interest rate coupled to a referenced... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Annuity having interest rate coupled to a referenced..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Annuity having interest rate coupled to a referenced... will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-4094376

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.