Patent ID: 8346576

Claim:
A guaranteed minimum accumulated benefit (GMAB) variable annuity contract management apparatus comprising: a contract data storage unit for registering contract data on GMAB variable annuity contracts having a predetermined contract duration and entered into between policyholders and an insurance company during a subscription period; a fund data storage unit for registering fund data on amounts paid by the policyholders to purchase the contracts; a bond fund data processor for computing a portion of the amounts paid to be allocated to a bond fund; a bond fund data storage unit for registering data on the portion of the amounts paid to be allocated to the bond fund; and a bond purchase data storage unit for registering data on selected bonds having (i) a maturity date that matches the predetermined contract duration of the GMAB variable annuity contracts and (ii) an aggregate value that substantially matches the portion of the amounts paid to be allocated to the bond fund.