System for and method of variable annuity contract administration

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United States of America Patent

PATENT NO 7853497
SERIAL NO

11202243

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system for and method of variable annuity contract administration is provided. Each variable annuity contract includes a bonus investment credit percentage, withdrawal charge percentages less than or equal to the bonus investment credit percentage in all contract years, and level asset-based compensation to distributors. In accordance with the invention, data relating to variable annuity contracts are stored in a memory means. A processing means is configured to read and manipulate the stored data to administer the variable annuity contracts from issuance to payout.

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Patent Owner(s)

Patent OwnerAddress
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA7 HANOVER SQUARE NEW YORK NY 10004

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Fisher, Charles G Scarsdale, US 11 218
Long, Bruce C Newport, US 2 95
Sullivan,, Jr Donald P Bethlehem, US 1 3

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