Rlif program and processor
OwnerMark Shemtobinventor
Life of this patent
Estimating the term…
Abstract
A method for creating a program for pooling of longevity risks among investors comprising in any order the following steps, all or part of the steps being performed by, or with the aid of, a computer: creating pools of investors by grouping together investors who select the same investment maturity date; establishing periodic valuation dates for the investors' accounts; investing investors' funds in the investment portfolios, which the investors selected from the investment portfolio choices made available to them under the program; determining the value of the investors' accounts on the valuation date according to a predetermined formula; and, distributing their account value to the investors who, as of said valuation date, have met the requirements of a predetermined maturity date rule.
Claims15
A method for creating a program for pooling of longevity risks among investors comprising in any order the following steps, all or part of the steps being performed by, or with the aid of, a computer:
- creating pools of investors by grouping together investors who select the same investment maturity date;
- establishing periodic valuation dates for the investors' accounts;
- investing investors' funds in the investment portfolios, which the investors selected from the investment portfolio choices made available to them under the program;
- determining the value of the investors' accounts on the valuation date according to a predetermined first formula;
- distributing their account value to the investors who, as of said valuation date, have met the requirements of a predetermined maturity date rule;
- for each pool, forfeiting the account value of the investors who, as of said valuation date, have not met the requirements of said maturity date rule;
- and
- distributing the funds of the forfeited accounts from each pool as mortality credits to the other investors in that pool, according to a predetermined second formula.
A method for the periodic determination of the account value of an investor who invests in a longevity risk pooling investment program comprising in any order the following steps, all or part of the steps being performed by, or with the aid of, a computer:
- determining the prior account value associated with the prior period;
- adjusting the prior account value with the gains or losses of the account portfolio during the current period;
- increasing the value of the investor's account by any mortality credits attributable to the investor for the current period;
- increasing the value of the investor's account by any maturity date acceleration credits attributable to the investor for the current period;
- decreasing the value of the investor's account by the share of the administrative expenses of the program for the current period, which is attributable to the investor;
- and
- decreasing the value of the investor's account by any maturity date acceleration charge applicable to the investor for the current period.
A computer system which is so programmed as to be capable of performing in any order the following steps of a method for creating an investment tool for pooling of longevity risks among investors:
- creating pools of investors by grouping together investors who select the same investment maturity date;
- establishing periodic valuation dates for the investors' accounts;
- investing investors' funds in the investment portfolios, which the investors selected from the investment portfolio choices made available to them;
- determining the value of the investors' accounts on the valuation date according to a predetermined first formula;
- distributing their account value to the investors who, as of said valuation date, have met the requirements of a predetermined mortality date rule;
- for each pool, forfeiting the account value of the investors who, as of said valuation date, have not met the requirements of said mortality date rule;
- and
- distributing the funds of the forfeited accounts from each pool as mortality credits to the other investors in that pool, according to a predetermined second formula.
Dependencies are inferred from the claim text.