Method and system for processing data for a deferred annuity with available benefit payments related to an increasing withdrawal percent
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United States of America Patent
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Jan 24, 2012
Issued Date -
N/A
app pub date -
Jul 14, 2011
filing date -
Jul 24, 2007
priority date (Note) -
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Abstract
A computer implemented data processing system and method processes data relating to a deferred annuity contract during the accumulation phase for a relevant life. The system is configured to determine an amount of an available benefit payment, available on a periodic basis for withdrawal without reduction of a payment base value, the available benefit payment amount being based on a withdrawal percent value and one of a payment base value and a contract value. The withdrawal percent value increases automatically after a first of the benefit payments.
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