System for and method of individual annuity payout administration
US7664700B1 · kind B1 · utility
9Cited by
8References
39Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Jan 22, 2002 |
| Grant date | Feb 16, 2010 |
| Priority date | — |
| Expiry date | May 30, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/10
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system for and method of administering payouts under an individual annuity contract is provided. In accordance with one embodiment of the present invention, a computer system is provided which includes a memory for storing individual annuity contract data relating to a individual annuity contract which provides the contract owner with the option to withdraw principal from the annuity during the payout phase, and a processor programmed to process and issue principal payouts as selected by the annuitant.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.