Patent ID: 8566191
Filing Date: 2013-10-22
Classification: G06Q

Abstract:
1. A computerized method for reallocating assets of a variable annuity without user input, comprising: determining, by a computing device, prior to the inception of the variable annuity, a dynamic asset allocation for the variable annuity, the dynamic asset allocation including at least two different asset allocations corresponding to at least two different time periods of a lifetime of the variable annuity, a first asset allocation corresponding to a first time period and a second asset allocation corresponding to a second time period; storing the dynamic asset allocation into computer memory; allocating, by the computing device, the assets of the variable annuity according to the first asset allocation corresponding to the first time period of the dynamic asset allocation; using, by the computing device, a predetermined algorithm to reallocate the assets of the variable annuity without obtaining any user input after the inception of the variable annuity, the assets of the variable annuity reallocated according to the second asset allocation corresponding to the second time period of the dynamic asset allocation; and determining, by the computing device, at least one annuity payment for an annuitant based on performance of the assets of the variable annuity.