Computerized method and system for processing data related to a financial instrument having guaranteed benefit payments

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United States of America Patent

PATENT NO 8229830
SERIAL NO

13340005

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A computerized financial instrument management system has a data storage device storing data indicative of an account balance based on deposits, withdrawals and changes in value of investments selected by an owner, a payment base value, a guarantee of availability of benefit payments for a term, during time periods during the term, without reduction of the payment base value; and withdrawal factor values correlated with dates after a first of the benefit payments and increasing after the first of the benefit payments. A processor is configured to determine, for any of the time periods, an available amount of the benefit payment, based on data indicative of a withdrawal factor value and at least one of a payment base value and either the payment base value or the account value.

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Patent Owner(s)

Patent OwnerAddress
TALCOTT RESOLUTION LIFE INSURANCE COMPANY1 GRIFFIN ROAD NORTH 4TH FLOOR WINDSOR CT 06095

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Tatro, Charles D Mendon, US 14 154
Weiss, Joseph M Glastonbury, US 25 262

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