System and method for evaluation and comparison of variable annuity products
US8473392B1 · kind B1 · utility
Inventor
Key dates
| Filing date | Oct 11, 2010 |
| Grant date | Jun 25, 2013 |
| Priority date | — |
| Expiry date | Oct 11, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In a system and method for evaluating and comparing variable annuities, ranking and comparison of annuities and their guaranteed riders is performed by coding the performance of the annuities into a computer model based on the behavior of one or more annuity products as described in a prospectus. A user is provided with a computer interface to input his/her preferences and then view anticipated performance. The anticipated performance is based on one or more validated scenarios of future market performance. The output is in part based on showing the total value of two or more different annuities over time as a bar chart. Each bar presents the total withdrawals to date in a lower portion and the cash surrender value as a top portion.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.