Patent ID: 8645255
Filing Date: 2014-02-04
Classification: G06Q

Abstract:
1. A computerized method for providing guaranteed income payments to an investor under an investment policy, 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 quarterly transfer time, the transfer amount is a minimum of: a maximum percentage of a policy's accumulation value at a previous quarter and a percentage of an accumulation value at the quarterly transfer time, and presenting, to the investor, one or more income payments from assets in the second sleeve.