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SYSTEM AND METHOD FOR PROCESSING AND ADMINISTERING IMMEDIATE AND DEFERRED GUARANTEED INCOME PAYMENTS

  • US 20120101857A1
  • Filed: 12/30/2011
  • Published: 04/26/2012
  • Est. Priority Date: 03/02/2006
  • Status: Abandoned Application
First Claim
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1. A computer system for administering a guaranteed income annuity having immediate and deferred payout options in a single guaranteed income product comprising:

  • a communications port adapted to receive information relating to the immediate and deferred payout options in the single product;

    a processor coupled to the communications port, the processor adapted to process the received information and determine one or more payment amounts based on the received information;

    the processor further adapted to provide an output indicative of instructions for one or more payments to be made based on the determined payment amounts, wherein the payments have immediate or deferred payout options arising out of the single guaranteed income product expressed as a base contract and a deferred rider coupled to the base contract.

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