Patent ID: 8484055

Claim:
A data processing method for administering an unannuitized annuity account having a systematic withdrawal program associated with a guaranteed payment feature, comprising the steps of: a. storing data in the computer relating to the annuity account, including data relating to an account value, a predetermined maximum withdrawal percentage rate and a guaranteed withdrawal payment; b. periodically determining a maximum guaranteed withdrawal payment amount for a prescribed period using the computer; c. periodically determining the account value using the computer; d. monitoring, with the computer, the account value and any withdrawal payments made to an account owner; e. periodically comparing, using the computer, withdrawal payments with the maximum guaranteed withdrawal payment amount to identify withdrawal payments in excess of the maximum guaranteed withdrawal payment amount; and f. periodically making guaranteed withdrawal payments with the aid of the computer so long as: 1) withdrawal payments for the prescribed period do not exceed the maximum guaranteed withdrawal payment amount, or 2) the account value is greater than the guaranteed withdrawal payment.