Patent ID: 7813985
Filing Date: 2010-10-12
Classification: G06Q

Abstract:
1. A method, implemented on a computer, for implementing a Group Equity-Indexed Annuity (GEIA) with a guaranteed minimum equity related return for a plurality of participants, the method comprising: obtaining, in a model investment portfolio, a first set of calls on an equity index using a first portion of a first contribution provided by a plurality of participants; obtaining, in the model investment portfolio, a first set of securities using a second portion of the first contribution; determining that a first specified period of time has elapsed; calculating, based on a non-discretionary formula employing a computer processor of the computer, a first participation rate based on a the model investment portfolio; determining if the first calculated participation rate exceeds a minimum participation rate; and if so, crediting interest to the first contribution in an amount at least equal to the first calculated participation rate multiplied by an increase in the equity index for the first specified period, otherwise, crediting interest to the first contribution in an amount equal to the minimum participation rate multiplied by the increase in the equity index for the first specified period.