SYSTEM AND METHOD FOR PROVIDING ADDITIONAL INCOME FOR ANNUITIES
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United States of America Patent
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N/A
Issued Date -
Nov 19, 2015
app pub date -
Jul 30, 2014
filing date -
May 16, 2014
priority date (Note) -
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status (Latency Note)
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Abstract
Methods and a system for providing an annuity having income payments and receipt of a dividend. The method comprises receiving a dividend and having the option to receive the dividend in cash, convert it into an income payment stream, defer a portion of the value of the dividend declared to convert into a future dividend stream, or any combination of the foregoing. A portion of a value of dividends from the annuity can be used to purchase additional income payments. Future dividend payments may be based on additional income payments purchased with dividends. The dividend can be used to purchase additional income payments with a first portion of a value of dividends from the annuity and receive a cash payment with a second portion of the value of the dividends from the annuity. The dividend purchased portion of the income payment may be converted to a non-dividend income payment.
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