Patent ID: 6615180
Filing Date: 2003-09-02
Classification: G06Q

Abstract:
A data processing system for deriving impairment based mortality tables comprising:a central processing unit (CPU) having memory; storage connected to the CPU for storing actuarial tables, maximum probable life expectancy data, and rating tables; data input means connected to the CPU for inputting client information; data output means connected to the CPU for displaying information; and logic means stored in the CPU memory for calculating client rating categories, wherein the logic means further comprises logic for calculating and assigning a value to the client rating category and wherein the logic comprises the formula: K=((M&CenterDot;10)-&Sum;y=0y=n-1&it;â€ƒ&it;D&it;(x+y))/nwhere K is the number of deaths per thousand, at age x, where D(x+y) is the number of deaths at age x+y, where y is the age increments added to x and with n equal to the age where an individual has an M percent chance of mortality;a mortality index based upon age, sex and rating category; a means for generating annuity rates based upon the impairment based mortality tables; and data output means connected to the CPU for outputting annuity rates.