Patent ID: 8229829

Claim:
A computer system for processing data related to financial instruments for providing deferred income, comprising: a data storage device storing data relating to available financial instruments for purchase, each of the financial instruments representing a right to receive a fixed amount at fixed intervals commencing at a fixed income start date corresponding to a fixed future age of an individual and continuing for a lifetime, the fixed amount being precise, invariable, and set at the time of purchase of the financial instrument, the data including, for each of a plurality of classes of the financial instruments, a price of the financial instrument, the fixed amount, the fixed interval and the fixed income start date; a processor in communication with the data storage device; and a communication module in communication with the processor; the processor configured to receive via the communication module data indicative of a request to purchase financial instruments, the data including at least an amount of payment, an age of the individual purchaser and data identifying the individual purchaser; the processor further configured to determine, based on the received payment amount and age data, a number and class of the financial instruments for issue to the individual purchaser and to output data for generation of the determined number and class of the financial instruments for issue to the individual purchaser.