Patent ID: 8260698

Claim:
A computer system for processing data related to an annuity product, the annuity product having a contract value, and an interest rate, said system comprising: a data storage device having stored therein data indicative of the contract value and a value of the interest rate; and a processor in communication with the data storage device, the processor configured to: access the stored data indicative of the contract value and the value of the interest rate; access a current value of an index having a value not dependent on a value of any financial instrument and independent of the interest rate, and a prior period value of the index; determine a value of amount of interest for crediting to the contract value based on the contract value and the value of the interest rate; determine a difference between the current value of the index and the prior period value of the index; based on the determined difference between the current value of the index and the prior period value of the index, determine a value of a bonus amount for crediting to the contract value; based on the contract value, the amount of interest for crediting and the value of the bonus amount for crediting, determine an updated contract value; and provide an output signal having data indicative of the updated contract value to a further system for reporting the determined updated contract value to an owner of the annuity product.