Invention Grant
- Patent Title: Method and system for a step-up provision in a deferred variable annuity with a rising guaranteed step-up
- Patent Title (中): 延期可变年金升值准备的方法和系统，其上升的担保升压
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Application No.: US11983514Application Date: 2007-11-09
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Publication No.: US07801792B2Publication Date: 2010-09-21
- Inventor: Charles D. Tatro , Jason F. Taylor , David P. Wiland
- Applicant: Charles D. Tatro , Jason F. Taylor , David P. Wiland
- Applicant Address: US CT Hartford
- Assignee: Hartford Fire Insurance Company
- Current Assignee: Hartford Fire Insurance Company
- Current Assignee Address: US CT Hartford
- Agency: Howard IP Law Group, PC
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A computer implemented data processing system and method for administering a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.
Public/Granted literature
- US20090030851A1 Method and system for a step-up provision in a deferred variable annuity with a rising guranteed step-up Public/Granted day:2009-01-29
Information query
