Patent ID: 8484051
Filing Date: 2013-07-09
Classification: G06Q

Abstract:
1. A computer system for use in connection with preparation of an insurance contract, namely an annuity, comprising: a processor; and a memory in communication with the processor; the processor configured to: display queries on a user-accessible device; receive data entered in response to said queries displayed via the user-accessible device indicative of the amounts of a prospective annuitant's personal expenses in at least a first expense category and a second expense category, the first and second expense categories being at least two of health care, entertainment, housing, transportation, travel, food and utilities; access stored price index information for the first expense category and the second expense category; access stored general consumer price index information; based on factors including at least the personal expense amounts in the first and second expense categories, price index information for the first expense category, the price index information for the second expense category, and a value of the general consumer price index, determine a benefit increase rate of an annuity for the prospective annuitant; and display the determined benefit increase rate, wherein the determined benefit increase rate reflects an inflation rate applicable to the prospective annuitant's personal expenses more accurately than does the general consumer price index.