Method and system for an annuity with periodic interest rate adjustments
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United States of America Patent
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Aug 9, 2011
Grant Date -
Aug 7, 2008
app pub date -
Nov 27, 2007
filing date -
Feb 2, 2007
priority date (Note) -
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status (Latency Note)
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Abstract
A data processing method administers an annuity product for an annuitant. The annuity product has a guaranteed minimum interest rate. Administration is such that the annuity product provides periodic interest rate adjustments. The adjustments are a function of changes in the prevailing market interest rates, based on reliable economic metrics such as the Consumer Price Index and short and long term Treasury rates.
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