Patent ID: 8756133

Claim:
A computer system for processing data relating to a deferred variable annuity contract during the accumulation phase, comprising: a data storage device storing data relating to the deferred variable annuity contract, including: a payment base value, a contract value adjusted for increases or decreases in values of investments selected by an owner of the deferred variable annuity contract, a withdrawal percent, an issue date of the deferred variable annuity contract, a birth date of a relevant life, and a formula for determining, based on the withdrawal percent and the payment base value, an available periodic benefit payment amount available for withdrawal during a plurality of periods without decrease in the payment base value but with a decrease in the contract value equal to an amount of the withdrawal; and a processor in communication with the data storage device, the processor configured to: access data indicative of a withdrawal percent applicable to a date, the withdrawal percent being dependent on an age of the relevant life as of the date, the age of the relevant life being determined by the processor based on years subsequent to the birth date of the relevant life and independent of the issue date of the deferred variable annuity contract; and provide an output signal indicative of the applicable withdrawal percent.