System for managing a stable value protected investment plan

  • US 5,926,792 A
  • Filed: 09/18/1998
  • Issued: 07/20/1999
  • Est. Priority Date: 09/09/1996
  • Status: Expired due to Term
First Claim
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1. A computer system for managing a life insurance policy on behalf of a policy holder, the computer system comprising:

  • generating means for generating a life insurance policy including a stable value protected investment with an initial value based on a value of underlying securities;

    fee calculating means for calculating fee units for members of a management group which manage the life insurance policy;

    credit calculating means for calculating surrender value protected investment credits for the life insurance policy;

    investment determining means for determining an investment value and a value of the underlying securities for the current day;

    policy calculating means for calculating a policy value and a policy unit value for the current day;

    storing means for storing the policy unit value for the current day; and

    one of;

    removing means for removing the fees units for members of the management group which manages the life insurance policy, andaccumulating means for accumulating fee units on behalf of the management group.

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