Patent ID: 8015092

Claim:
A data processing system for administering a deferred variable annuity contract during the accumulation phase, the annuity contract having a payment base value, and a contract value, said system comprising: a storage device; a processor coupled to the storage device, the storage device storing modules utilized by the processor for determining a present payment base, for determining a present contract value, for determining a withdrawal percent, and for calculating a maximum value of a benefit payment available for withdrawal on a periodic basis without reduction of the payment base value; wherein the maximum available benefit payment is related to the withdrawal percent and wherein the withdrawal percent automatically increases over the term of the annuity contract and commencing after a first of the benefit payments; wherein the maximum available benefit payment withdrawal is based on either the Present Payment Base and Withdrawal Percent or the Present Contract Value and Withdrawal Percent; and wherein the benefit payment is guaranteed to be available for a term greater than one withdrawal period.