System, method, and computer program product for providing stabilized annuity payments and control of investments in a variable annuity
First Claim
1. A method of managing assets for stabilizing payment amounts in a series of anticipated periodic payments over a time period using a computer having a memory, the method comprising the steps of:
- storing information identifying said assets in memory;
storing information identifying said series of anticipated periodic payments in the memory;
determining an initial value of said assets;
defining a first pool by allocating a portion of said assets to said first pool, wherein said first pool has a first value representing an initial present value of the anticipated periodic payments;
defining a second pool by allocating a remaining portion of said assets to said second pool, wherein said second pool has a second value representing the initial value of said assets less said first value;
at periodic intervals over the time period;
determining a third value representing a subsequent market value of the assets in said first pool;
comparing, by a computer, said third value to a fourth value representing a present value of a remaining number of said anticipated periodic payments; and
in response to a determination that said third value is less than said fourth value, reallocating a portion of said assets from said second pool to said first pool so that said first asset pool has a new value representing said fourth value; and
wherein said second pool includes assets designated for at least one beneficiary.
3 Assignments
0 Petitions
Accused Products
Abstract
A system for providing stabilized annuity payments, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program allocates the risks associated with an investment to the potential beneficiaries of the annuitant by controlling the allocation of assets between two investment pools. The annuitant pool is the pool on which annuity payments are based and the beneficiary pool contains assets that are provided to the beneficiaries upon the death of the annuitant. The beneficiary pool is used as a cushion to isolate the contents of the annuitant pool from fluctuations in value. If the underlying investments perform poorly, assets from the beneficiary pool are reallocated to the annuity pool in order to maintain the existing annuity payment. If the underlying investments perform favorably, increasing in value, excess amounts above a set trigger level amount will be periodically transferred to the annuitant pool.
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Citations
42 Claims
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1. A method of managing assets for stabilizing payment amounts in a series of anticipated periodic payments over a time period using a computer having a memory, the method comprising the steps of:
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storing information identifying said assets in memory; storing information identifying said series of anticipated periodic payments in the memory; determining an initial value of said assets; defining a first pool by allocating a portion of said assets to said first pool, wherein said first pool has a first value representing an initial present value of the anticipated periodic payments; defining a second pool by allocating a remaining portion of said assets to said second pool, wherein said second pool has a second value representing the initial value of said assets less said first value; at periodic intervals over the time period; determining a third value representing a subsequent market value of the assets in said first pool; comparing, by a computer, said third value to a fourth value representing a present value of a remaining number of said anticipated periodic payments; and in response to a determination that said third value is less than said fourth value, reallocating a portion of said assets from said second pool to said first pool so that said first asset pool has a new value representing said fourth value; and wherein said second pool includes assets designated for at least one beneficiary. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer program embodied on a non-transitory computer readable medium for enabling a computer system to manage assets for stabilizing payment amounts in a series of anticipated periodic payments over a time period, the computer program comprising:
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a computer code segment which stores information identifying said assets in memory; a computer code segment which stores information identifying said series of anticipated periodic payments in the memory; a computer code segment which determines a current value of said assets; a computer code segment which defines a first pool by allocating a portion of said assets to said first pool, wherein said first pool has a first value representing a present value of the anticipated periodic payments; a computer code segment which defines a second pool by allocating a remaining portion of said assets to said second pool, wherein said second pool has a second value representing the current value of said assets less said first value; a computer code segment which, at periodic intervals over the time period, determines a third value representing a subsequent market value of the assets in said first pool; a computer code segment which, at the periodic intervals over the time period, compares said third value to a fourth value representing a present value of a remaining number of said anticipated periodic payments; a computer code segment which, in response to a determination that said third value is less than said fourth value, reallocates a portion of said assets from said second pool to said first pool so that said first asset pool has a current value representing said fourth value; and wherein said second pool includes assets designated for at least one beneficiary. - View Dependent Claims (14, 15, 16, 17, 18, 19, 21)
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20. The computer program of 13, further comprising a computer code segment which modifies said first value in response to a reduction in the remaining number of said anticipated periodic payments.
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22. A computer system for managing assets for stabilizing payment amounts in a series of anticipated periodic payments over a time period, the computer system comprising:
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a memory storing information identifying said assets and information identifying said series of anticipated periodic payments in the memory; a processor programmed to; determine a current value of said assets; define a first pool by allocating a portion of said assets to said first pool, wherein said first pool has a first value representing a present value of the anticipated periodic payments; define a second pool by allocating a remaining portion of said assets to said second pool, wherein said second pool has a second value representing the current value of said assets less said first value; at periodic intervals over the time period; determine a third value representing a subsequent market value of the assets in said first pool; compare said third value to a fourth value representing a present value of a remaining number of said anticipated periodic payments; and in response to a determination that said third value is less than said fourth value, reallocate a portion of said assets from said second pool to said first pool so that said first asset pool has a current value representing said fourth value; and wherein said second pool includes assets designated for at least one beneficiary. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30)
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31. A method for managing assets for stabilizing payment amounts in a series of anticipated periodic payments over a time period, the method comprising the steps of:
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allocating a portion of assets into a first pool; allocating a remaining portion of the assets into a second pool; receiving and storing a first payment amount; receiving and storing a first trigger value; determining a current value of the assets; in response to a determination that said current value is greater than said first trigger value, reallocating, by a computer, a first portion of the assets from said second pool to said first pool, increasing the first payment amount to a second payment amount; and in further response to the determination that said current value is greater than said first trigger value, determining a second trigger value. - View Dependent Claims (32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42)
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Specification