# US 2014/0195271 A1 · Combined annuity and life insurance method and system > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 2014/0195271 A1 - Document ID: US20140195271A1 - Status: Published application - Kind: A1 - Application number: 13/734,995 - Filed: 2013-01-06 - Published: 2014-07-10 - Earliest claimed: 2013-01-06 - Inventors: FRANK MARTIN SEXTON - Web page: https://patentgrep.com/patent/US20140195271A1 ## CPC - G06Q 40/06: Asset management; Financial planning or analysis - G06Q 40/08: Insurance - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract An interconnected deferred equity indexed annuity policy and a fixed, variable or equity indexed universal life insurance policy, or variable life insurance policy, method and system where a computer periodically transfers annuity investment gains, if any, and the gains are transformed into premiums for the life insurance policy. Further growth of the transformed annuity policy gains as well as life insurance gains in the life insurance policy is tax-free as long as the involved insurance company observes the requirements of the Internal Revenue Code. Having the annuity policy gains loaned from the annuity policy owner to the life insurance owner, and disproportionately allocating fees from the life insurance policy to the annuity policy derive additional benefits. ## Claims ### Claim 1 A computer implemented method for forming an annuity and life insurance product comprising the steps of: selecting an annuity policy; selecting a life insurance policy; selecting annuity data, including one or more of the following: selecting an annuity fund deposit amount, selecting an annuity owner, selecting an annuity beneficiary, selecting an annuitant, and selecting an annuity investment option; selecting life insurance data, including selecting a policy owner, selecting an insured individual, and selecting a policy beneficiary; entering the annuity policy selection, the life insurance policy selection, the annuity data, the life insurance data, and life insurance regulatory requirements into a data processing apparatus, the data processing apparatus having storage, processing and display elements; calculating investment gains from the annuity policy; at periodic intervals using the annuity policy investment gains, if any, to purchase the life insurance policy; at periodic intervals calculating life insurance death benefit and cash value amounts regardless of annuity policy investment gains; and at periodic intervals displaying the life insurance death benefit and cash value amounts. ### Claim 2 (depends on 1) The method of claim 1, wherein: selecting the annuity policy step includes selecting a deferred annuity policy. ### Claim 3 (depends on 1) The method of claim 1, wherein: selecting the life insurance policy step includes selecting a fixed, variable or equity indexed universal life insurance policy. ### Claim 4 (depends on 1) The method of claim 1, including the step of: loaning the investment gains from the annuity policy, if any, to the life insurance owner to purchase life insurance. ### Claim 5 (depends on 1) The method of claim 1, including the steps of: selecting life insurance policy fees; and allocating a disproportionate amount of the life insurance policy fees to the annuity policy. ### Claim 6 (depends on 1) The method of claim 1, wherein: selecting the annuity policy step includes selecting a deferred annuity policy; and selecting the life insurance policy step includes selecting a fixed, variable or equity indexed universal life insurance. ### Claim 7 (depends on 1) The method of claim 1, wherein: selecting the life insurance policy step includes selecting a fixed, variable or equity indexed universal life insurance policy; and including the step of: loaning the investment gains from the annuity policy, if any, to the life insurance owner to purchase life insurance. ### Claim 8 (depends on 1) The method of claim 1, including the steps of: loaning the investment gains from the annuity policy, if any, to the life insurance owner to purchase life insurance; selecting life insurance policy fees; and allocating a disproportionate amount of life insurance policy fees to the annuity policy. ### Claim 9 (depends on 1) The method of claim 1, wherein: selecting the annuity policy step includes selecting a deferred annuity policy; and including the step of: loaning the investment gains from the annuity policy, if any, to the life insurance owner to purchase life insurance. ### Claim 10 (depends on 1) The method of claim 1, wherein: selecting the life insurance policy step includes selecting a fixed, variable or equity indexed universal life insurance policy; and including the steps of: selecting life insurance policy fees; and allocating a disproportionate amount of life insurance policy fees to the annuity policy. ### Claim 11 (depends on 1) The method of claim 1, wherein: selecting the annuity policy step includes selecting a deferred annuity policy; and including the steps of: selecting life insurance policy fees; and allocating a disproportionate amount of life insurance policy fees to the annuity policy. ### Claim 12 (depends on 1) The method of claim 1, wherein: selecting the annuity policy step includes selecting a deferred annuity policy; selecting the life insurance policy step includes selecting a fixed, variable or equity indexed universal life insurance policy; and including the steps of: loaning the investment gains from the annuity policy, if any, to the life insurance owner to purchase life insurance; selecting life insurance policy fees; and allocating a disproportionate amount of life insurance policy fees to the annuity policy. ### Claim 13 A method for forming an annuity and life insurance product comprising the steps of: selecting an annuity policy; selecting a life insurance policy; selecting annuity data, including selecting an annuity fund deposit amount, selecting an annuity owner, selecting an annuity beneficiary, selecting an annuitant, and selecting an annuity investment option; selecting life insurance data, including selecting a policy owner, selecting an insured individual, and selecting a policy beneficiary; entering the annuity policy selection, the life insurance policy selection, the annuity data, the life insurance data, insurance company fees and life insurance regulatory requirements into a data processing apparatus, the data processing apparatus having storage, processing and display elements; calculating investment gains from the annuity policy; at periodic intervals using the investment gains, if any, to loan funds to the life insurance owner to purchase the life insurance policy; at periodic intervals calculating life insurance death benefit and cash value amounts regardless of annuity policy investment gain; and at periodic intervals displaying the life insurance death benefit and cash value amounts. ### Claim 14 (depends on 13) The method of claim 13, wherein: selecting the annuity policy includes selecting a deferred annuity policy; and selecting the life insurance policy includes selecting a fixed, variable or equity indexed universal life insurance policy. ### Claim 15 (depends on 14) The method of claim 14, including the steps of: calculating a net investment gain; and loaning the net investment gain to the life insurance owner. ### Claim 16 (depends on 15) The method of claim 15, including the step of: allocating a disproportionate amount of life insurance company fees to the annuity policy. ### Claim 17 A data processing system for processing data associated with an annuity product including an annuity contract and a life insurance contract, the data processing system comprising: a storage device for storing data relating to the annuity contract and to the life insurance contract, and annuity and life insurance data including an annuity owner, an annuity beneficiary, an annuitant, an annuity fund deposit amount, an annuity investment option, an annuity management fee, an investment index, an annuity loan rate, an insurance contract owner, an insured individual, an insurance contract beneficiary, a life insurance policy fee, a cost of insurance data, and an annuity investment gain; a processor in communication with the storage device, the processor configured to: calculate expenses attributed to the product; calculate a value of the annuity contract at a first predetermined date; calculate a net annuity investment gain over a predetermined period; calculate a value of the annuity contract at a second predetermined date; transfer the net annuity investment gain, if any, from the annuity contract to the life insurance owner; purchase life insurance with the amount of net annuity investment gain, if any; calculate death benefit and cash value amounts of the insurance contract; store data relating to the values of the annuity contract; store data relating to the amounts of the life insurance contract; and display, print and/or store preselected data relating to the annuity values and the insurance amounts. ### Claim 18 (depends on 17) The system of claim 17, wherein: the annuity contract includes a deferred annuity contract; and the life insurance contract includes a fixed, variable or equity indexed universal life insurance contract. ### Claim 19 (depends on 18) The system of claim 18, wherein: the transfer step of the net investment gains from the annuity contract includes loaning the net annuity policy investment gains to the life insurance owner to purchase life insurance. ### Claim 20 (depends on 19) The method of claim 19, wherein: life insurance contract fees are disproportionally allocated to the annuity policy.