Patent ID: 8433634

Claim:
A system that implements a benefit product that provides a guaranteed income amount for a participant, the benefit product generates the guaranteed income amount by participating in a plurality of guaranteed income products (GI products), the system in the form of a computer processing system using computer-readable medium containing instructions stored thereon which when executed cause the computer processing system to perform processing, the system comprising: an income aggregator portion, embodied in a tangible computer-readable medium; a savings recordkeeper portion, embodied in the tangible computer-readable medium, that maintains an investment account associated with the benefit product, the investment account into which the payments to the benefit product pass; and at least one income recordkeeper portion, embodied in the tangible computer-readable medium, each income recordkeeper portion administering one or more GI products, each income recordkeeper portion: determining, based on an attributable allocation to a particular GI product, a guaranteed income associated with such particular GI product, each guaranteed income being an amount, attributable to the particular GI product, that is payable to a participant; and the income aggregator performing allocation processing, the allocation processing being performed based on funds transfer data, the funds transfer data including (1) first funds transfer data that reflects activity of the investment account and benefit product associated therewith, and (2) second funds transfer data that reflects activity of a respective GI product, the allocation processing including: the income aggregator portion inputting the first funds transfer data from a savings recordkeeper portion; the income aggregator portion determining allocations attributable to and among the GI products and outputting allocated first funds transfer data to the respective GI products; the income aggregator portion receiving second funds transfer data reflective of the activity of respective GI products; and the income aggregator portion consolidating the second funds transfer data, and outputting consolidated second funds transfer data to the savings recordkeeper portion.