Patent ID: 8311924
Filing Date: 2012-11-13
Classification: G06Q

Abstract:
1. A computerized method for providing guaranteed income payments to an investor, the computerized method comprising: 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 at least a portion of the premium payment into a first investment sleeve; calculating a waiting period representing the difference between the investor's current age and the desired income start date; automatically transferring using at least one computing device, during the 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 between the first and the second sleeves is calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount, wherein transferring a portion of the premium payment from the first investment sleeve comprises calculating a transfer amount at a transfer time, the transfer amount calculated as a function of a multiplier and a present value of unfunded income at the transfer time, wherein the multiplier is determined based on an account value of the first sleeve at the transfer time and an account value of the first sleeve at a previous transfer time; and presenting, to the investor, one or more income payments from assets in the second sleeve.