METHOD AND SYSTEM FOR ESTABLISHING, MONITORING, AND RESERVING A GUARANTEED MINIMUM VALUE RETURN ON SELECT INVESTMENTS
First Claim
1. A computer implemented method, comprising the steps of:
- receiving input data that designates funds for investment to produce a current fund mix;
processing said input data to compare a diversification guideline to said fund mix, wherein said diversification guideline contains guidelines relating to fund diversification and investment objective diversification;
determining a pattern of investments to meet a preselected guaranteed amount; and
automatically calculating, by said computer, the projected guaranteed amount based on projection of fund performance.
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Abstract
The present invention provides a method and system for assuring a minimal guaranteed return on long-term investments, such as mutual funds or variable annuities. The invention includes a method and system for pricing, administration, customer presentation, and reserving relating to the guaranteed minimum return assurance. In addition, the present invention includes a method and system for allowing individual investors to control and easily change their typical asset allocation strategies. In order to accomplish the minimum guaranteed return, the present invention also includes sophisticated projection techniques, such as Monte Carlo simulation of investment performance. The present invention also includes features that allow the tracking of payments and removal of overcontributions from selected accounts, use of reserving techniques, optimizing investment diversification, proposal, issue, and administration of variable annuity riders, such as guaranteed minimum variable income benefit riders and guaranteed minimum income benefit riders, linkable to guaranteed minimum death benefits, and establish a charge for the guarantee.
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Citations
20 Claims
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1. A computer implemented method, comprising the steps of:
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receiving input data that designates funds for investment to produce a current fund mix; processing said input data to compare a diversification guideline to said fund mix, wherein said diversification guideline contains guidelines relating to fund diversification and investment objective diversification; determining a pattern of investments to meet a preselected guaranteed amount; and automatically calculating, by said computer, the projected guaranteed amount based on projection of fund performance. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system comprising:
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a computer for comparing a diversification guideline to a designation of funds for investment, wherein said diversification guideline contains guidelines relating to fund diversification and investment objective diversification; said computer being further operable to determine a pattern of investments to meet a preselected guaranteed amount; and said computer being further operable to calculate the projected guaranteed amount based on projection of fund performance. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification