Apparatus, method, program and computer-readable recording medium for providing guaranteed minimum accumulated benefit contract funded with matching bond investments
US8346576B2 · kind B2 · utility
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2References
28Claims
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Key dates
| Filing date | Nov 7, 2008 |
| Grant date | Jan 1, 2013 |
| Priority date | — |
| Expiry date | Sep 28, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A guaranteed minimum accumulated benefit (GMAB) variable annuity contract management apparatus stores contract data on GMAB variable annuity contracts having a predetermined contract duration. The apparatus also stores fund data on amounts paid to purchase the contracts. The apparatus computes a portion of the amounts paid that is to be allocated to a bond fund. The apparatus stores data on the portion of the amounts paid to be allocated to the bond fund. A substantial portion, or all, of the bond fund is invested in bonds that have a maturity date that matches the contract duration of the GMAB variable annuity contracts.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.