Patent ID: 7653560

Claim:
A method for facilitating annuity transactions between annuity purchasers and annuity providers via an annuities placement program accessible to the annuity purchasers and providers, the method comprising: associating an annuity purchaser with a predefined group formed to serve as an umbrella for individual annuity purchasers otherwise unassociated with any group by granting the annuity purchaser advance authorization to access a computing system operating the annuities placement program; facilitating, by way of a purchaser computing system, annuity purchaser entry of quote solicitation information specific to the annuity purchaser; providing, by the computing system operating the annuities placement program, the quote solicitation information of the annuity purchaser to a plurality of the annuity providers; facilitating, by provider computing systems of each of one or more responding ones of the plurality of annuity providers, entry of at least one quote customized to the annuity purchaser's quote solicitation information and based on the annuity purchaser's association with the predefined group, in response to the provided quote solicitation information of the annuity purchaser provided by way of the computing system operating the annuity placement program; providing, by way of the computing system operating the annuities placement program, the customized quotes from the one or more responding annuity providers to the annuity purchaser; presenting, by the purchaser computing system, the customized quotes from the one or more responding annuity providers to the annuity purchaser; and facilitating selection, by the purchaser computing system, of at least one customized quote by the annuity purchaser.