Patent ID: 8266055

Claim:
A computer-implemented process for processing data related to an annuity having a guarantee of available periodic withdrawals, comprising: receiving by a processor data indicative of a request for a withdrawal from the annuity during a time period, the amount of the withdrawal, aggregated with amounts of any other withdrawals from the annuity during the time period, being no more than an available withdrawal amount for the time period in accordance with the guarantee; accessing by the processor from a memory device in communication with the processor a current account value of the annuity; determining by the processor whether, based on the current account value and data indicative of the guarantee, the data indicative of the guarantee comprising data indicative of a greater than zero minimum account value, an entire amount of the withdrawal is to be deducted from the account value; responsive to determining that less than the entire amount of the withdrawal is to be deducted from the account value, determining an amount of the withdrawal to be deducted from the account value, and providing an output signal having data indicative of the determined amount to be deducted from the account value; receiving by the processor data indicative of an amount of a fee charged periodically for the guarantee; and determining by the processor an updated account value by deducting the amount of the fee from the account value.