Methods and systems for providing deferred annuities with an income reset feature

A system for administering one or more deferred annuities, the system comprising at least one computing device having software associated therewith that when executed causes the at least one computing device to perform a method comprising:

• monitoring one or more deferred annuities and determining periodically, at a reset date, whether an income reset feature is available for the one or more deferred annuities, wherein the one or more deferred annuities provide periodic income payments to an annuitant for a term beginning at a start date, and wherein the income reset feature resets at least one variable of the annuity when the at least one variable of the annuity is more beneficial to the annuitant;
• when the income reset is available, determining whether the at least one variable of the one or more annuities is more beneficial to an annuitant than at a first date or at a previous reset date;
• and
• when the at least one variable is more beneficial to the annuitant, resetting the at least one variable of the annuity to the more beneficial at least one variable.

A non-transitory computer readable medium having software stored thereon that when executed causes at least one computing device to perform a method comprising:

• monitoring one or more deferred annuities and determining periodically, at a reset date, whether an income reset feature is available for the one or more deferred annuities, wherein the one or more deferred annuities provide periodic income payments to an annuitant for a term beginning at a start date, and wherein the income reset feature resets at least one variable of the annuity when the at least one variable of the annuity is more beneficial to the annuitant;
• when the income reset is available, determining whether the at least one variable of the one or more annuities is more beneficial to an annuitant than at a first date or at a previous reset date;
• and
• when the at least one variable is more beneficial to the annuitant, resetting the at least one variable of the annuity to the more beneficial at least one variable.