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Computer system and methods for management, and control of annuities and distribution of annuity payments

  • US 6,636,834 B1
  • Filed: 02/25/2000
  • Issued: 10/21/2003
  • Est. Priority Date: 08/26/1998
  • Status: Expired due to Term
First Claim
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1. A method for managing and controlling annuities and distribution of annuity payments, comprising:

  • receiving;

    transfer requests for transferring amounts among said annuities;

    annuity pricing information for determining pricing interest rates for said annuities;

    asset price information for determining actual rates of return for assets underlying said annuities; and

    mortality data for each annuitant of said annuities;

    deriving pricing interest rates from said annuity pricing information;

    determining actual rates of return for said underlying assets of said annuities from said asset price information;

    computing actuarial present values from said pricing interest rates and said mortality data;

    computing investment performance factors from said pricing interest rates and said actual rates of return;

    computing interest adjustment factors from said actuarial present values; and

    determining payment progressions for said annuities from said investment performance factors and said interest adjustment factors;

    wherein at least one of said computing or determining steps is performed by software running on a data processing apparatus.

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