METHOD AND SYSTEM FOR PROVIDING FLEXIBLE INCOME, LIQUIDITY OPTIONS AND PERMANENT LEGACY BENEFITS FOR ANNUITIES
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United States of America Patent
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app pub date -
Aug 10, 2006
filing date -
Apr 16, 2003
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Abstract
Methods and systems are described herein for providing an annuity including flexible income, liquidity options or permanent legacy benefits. Providing the annuity generally includes receiving information useful for issuing an annuity that provides for a first level of income payments during a first time period and a second level of income payments during a second time period following the first time period. The second payment level may be contingent on a first event. An annuity premium is computed to provide the first level of income payments and the contingent second level of income payments. The annuity is issued generally upon receipt of a portion of the computed premium.
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