Patent ID: 8756133
Filing Date: 2014-06-17
Classification: G06Q

Abstract:
1. A computer system for processing data relating to a deferred variable annuity contract during the accumulation phase, comprising: a data storage device storing data relating to the deferred variable annuity contract, including: a payment base value, a contract value adjusted for increases or decreases in values of investments selected by an owner of the deferred variable annuity contract, a withdrawal percent, an issue date of the deferred variable annuity contract, a birth date of a relevant life, and a formula for determining, based on the withdrawal percent and the payment base value, an available periodic benefit payment amount available for withdrawal during a plurality of periods without decrease in the payment base value but with a decrease in the contract value equal to an amount of the withdrawal; and a processor in communication with the data storage device, the processor configured to: