Computer apparatus and method for illustrating, issuing, and managing disability coverage for retirement plans with individual accounts
First Claim
1. A computer-aided method of computing coverage benefit costs for a retirement plan having respective accounts for individuals, the method comprising the steps of:
- converting input plan contribution data for at least one of said accounts of said retirement plan into corresponding input digital electrical signals;
manipulating the input digital electrical signals in computing the coverage benefit costs for the at least one of said accounts according to said retirement plan; and
producing output at an output device, the output including the computed coverage benefit costs for the at least one of said accounts of said retirement plan.
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Accused Products
Abstract
A computer-aided method of computing coverage benefit costs for a retirement plan having respective accounts for individuals, the method including the steps of: converting input plan contribution data for at least one of said accounts of said retirement plan into corresponding input digital electrical signals; manipulating the input digital electrical signals in computing the coverage benefit costs for the at least one of said accounts according to said retirement plan; and producing output at an output device, the output including the computed coverage benefit costs for the at least one of said accounts of said retirement plan. The method is suitable for such as IRS Sec. 401, 408, 457, in cases such as an IRA, ROTH IRA, individual social security accounts of whatever country may be at issue, and the like. Input plan contribution data can include data such as FICA tax, Federal Old Age, Survivors, and Disability Insurance tax data.
109 Citations
20 Claims
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1. A computer-aided method of computing coverage benefit costs for a retirement plan having respective accounts for individuals, the method comprising the steps of:
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converting input plan contribution data for at least one of said accounts of said retirement plan into corresponding input digital electrical signals;
manipulating the input digital electrical signals in computing the coverage benefit costs for the at least one of said accounts according to said retirement plan; and
producing output at an output device, the output including the computed coverage benefit costs for the at least one of said accounts of said retirement plan. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification