System and method for providing income payments to an investor
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United States of America Patent
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Feb 4, 2014
Grant Date -
Jul 11, 2013
app pub date -
Nov 11, 2012
filing date -
Mar 10, 2011
priority date (Note) -
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status (Latency Note)
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Abstract
In at least one embodiment computerized methods and corresponding systems for providing guaranteed income payments to an investor are provided that include the step or steps of: receiving information from the investor representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount; receiving a premium payment from the investor and placing the premium payment into a first investment sleeve; and automatically transferring using at least one computing device, during a waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve, wherein the portion of the premium payment transferred calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount.
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