Lifetime income
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United States of America Patent
Stats
-
Feb 7, 2012
Grant Date -
Mar 31, 2011
app pub date -
Dec 3, 2010
filing date -
Mar 23, 2006
priority date (Note) -
In Force
status (Latency Note)
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Abstract
The present invention provides an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a specified age. Furthermore, the guaranteed stream is utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated liquid assets.
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Family
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