Apparatus for computing indexing parameters for indexed reversionary annuity
US8554654B1 · kind B1 · utility
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17Claims
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Key dates
| Filing date | Dec 19, 2012 |
| Grant date | Oct 8, 2013 |
| Priority date | — |
| Expiry date | Dec 19, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer-based apparatus for representing and acting on an indexed reversionary annuity, including a memory unit for at least one specially programmed computer configured to store computer readable instructions and an initial income amount, and a processor for the at least one specially programmed computer configured to execute the computer readable instructions to determine a set of indexing parameters P and generate an updated income amount at an end of a specified indexing term T based in part on performance of at least one index and the set of indexing parameters P.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.