Patent ID: 8433634
Filing Date: 2013-04-30
Classification: G06Q

Abstract:
1. A system that implements a benefit product that provides a guaranteed income amount for a participant, the benefit product generates the guaranteed income amount by participating in a plurality of guaranteed income products (GI products), the system in the form of a computer processing system using computer-readable medium containing instructions stored thereon which when executed cause the computer processing system to perform processing, the system comprising: an income aggregator portion, embodied in a tangible computer-readable medium; a savings recordkeeper portion, embodied in the tangible computer-readable medium, that maintains an investment account associated with the benefit product, the investment account into which the payments to the benefit product pass; and at least one income recordkeeper portion, embodied in the tangible computer-readable medium, each income recordkeeper portion administering one or more GI products, each income recordkeeper portion: the income aggregator performing allocation processing, the allocation processing being performed based on funds transfer data, the funds transfer data including (1) first funds transfer data that reflects activity of the investment account and benefit product associated therewith, and (2) second funds transfer data that reflects activity of a respective GI product, the allocation processing including: