System and process for providing multiple income start dates for annuities

A method, implemented on a computational device, for issuing an annuity structure having a base portion segment and at least one secondary portion segment the method comprising:

• generating, by the computational device, an annuity structure comprising:
• a base portion segment, where the base portion segment is a functional annuity having a rust annuity schedule;
• and
• a plurality of secondary portion segments, where each of the plurality of secondary portion segments is a functional annuity having a separate annuity schedule;
• and
• where the base portion segment and each of the plurality of secondary portion segments operates as its own annuity;
• the base portion segment and each of the plurality of secondary portion segments is included under a single contract;
• the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segments, and
• the annuity structure having a respective annuity commencement date for each of the secondary portion segments under the contract, the annuity commencement dales for each of the secondary portion segments being different than the annuity commencement date of the base portion segment;
• each of the plurality of secondary portion segments have a portion exercise income date that is independent of the annuity commencement dates for the annuity structure;
• and issuing, by the computational device, the annuity structure to an annuity holder;
• and the base portion segment constituted by an accumulation period followed by a payout period, and
• the secondary portions segment constituted by an accumulation period followed by a payout period.

A process, implemented on a computational device, for issuing an annuity structure having a base portion segment and at least one secondary portion segment, the process comprising the steps of:

• receiving, by the computational device, a request for the annuity structure, where the request includes financial requirements for the annuity structure;
• determining, by the computational device, an annuity schedule for each of the base portion segment and at least one secondary portion segment;
• creating, by the computational device, the annuity structure based on the determined annuity schedules;
• and
• issuing, by the computational device, the annuity structure to an annuity holder;
• and
• wherein the base portion segment and at least one secondary portion segment are all included under a single contract;
• and
• the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segment, and
• the annuity structure having an annuity commencement date of the secondary portion segment under the contract, the annuity commencement date of the secondary portion segment being different than the annuity commencement date of the base portion segment;
• and
• the base portion segment constituted by and accumulation period followed by a payout period, and
• the secondary portion segment constituted by and accumulation period followed by a payout period.

A computer readable medium, implemented on a computational device, having code for causing a process, performed by the computational device, to issue an annuity structure having a base portion segment and at least one secondary portion segment, the computer readable medium comprising:

• code, implemented by the computational device, that receives a request for the annuity structure, where the request includes financial requirements for the annuity structure;
• code, implemented by the computational device, that determines the annuity schedule for each of the base portion segment and at least one secondary portion segment;
• code, implemented by the computational device, that creates the annuity structure based on the determined annuity schedules;
• and
• code, implemented by the computational device, that issues the annuity structure to an annuity holder, and
• wherein the base portion segment and at least one secondary portion segment are all included in a single contract;
• and
• the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segment, and
• the annuity structure having an annuity commencement date of the secondary portion segment under the contract, the annuity commencement date of the secondary portion segment being different than the annuity commencement date of the base portion segment;
• and
• the base portion segment constituted by and accumulation period followed by a payout period, and
• the secondary portion segment constituted by an accumulation period followed by a payout period.