Method and apparatus that processes financial data relating to wealth accumulation plans
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United States of America Patent
Stats
-
Nov 23, 1999
Grant Date -
N/A
app pub date -
Oct 31, 1997
filing date -
Oct 31, 1997
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A digital computer produces data corresponding to results of different financial plans. Contribution data corresponding to contributions to an account created under the plan are entered into the digital computer. The digital computer produces data representing after tax cost of interest for cash value loan amounts corresponding to cumulative cash values of an insurance contract issued based on the contribution. Then, the digital computer outputs data representing investment income derived from the cash value loan amounts less after tax cost of interest to a display device.
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