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US 8,554,654 B1Granted
Apparatus for computing indexing parameters for indexed reversionary annuity
AssigneeGenesis Financial Development, Inc.
InventorRichard C. Payne
Life of this patent
Estimating the term…
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.
Claims17
A computer-based apparatus for representing and acting on an indexed reversionary annuity, comprising:
- a memory unit for at least one specially programmed computer configured to store:
- computer readable instructions;
- and,
- an initial income amount;
- 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,
- update the initial income amount at an end of a specified indexing term T based in part on a performance of at least one index and the set of indexing parameters P,
- wherein the processor is configured to:
- receive a floor guarantee equal to 1 from the user;
- and,
- update the initial income amount at the end of the specified indexing term T based in part on the performance of said at least one index and the set of indexing parameters P such that said updated initial income amount is at least equal to the initial income amount multiplied by the floor guarantee;
- or,
- wherein the processor is configured to:
- receive a floor guarantee equal to less than 1 from the user;
- and,
- update the initial income amount at the end of the specified indexing term T based in part on the performance of said at least one index and the set of indexing parameters P such that said updated initial income amount is at least equal to the initial income amount multiplied by the floor guarantee;
- or,
- wherein the processor is configured to:
- receive a floor guarantee greater than 1 from the user;
- and,
- update the initial income amount at the end of the specified indexing term T based in part on the performance of said at least one index and the set of indexing parameters P such that said updated initial income amount is at least equal to the initial income amount multiplied by the floor guarantee.
19 more elements
A computer-based method for representing and acting on an indexed reversionary annuity, comprising:
- storing, in a memory unit for at least one specially programmed computer:
- computer readable instructions and an initial income amount;
- and,
- executing, using a processor for the at least one specially programmed computer, the computer readable instructions to:
- determine a set of indexing parameters P;
- update the initial 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;
- and,
- receive a floor guarantee equal to 1 from the user, and update the initial income amount at the end of the specified indexing term T based in part on the performance of said at least one index and the set of indexing parameters P such that said updated initial income amount is at least equal to the initial income amount multiplied by the floor guarantee;
- or
- receive a floor guarantee equal to less than 1 from the user, and update the initial income amount at the end of the specified indexing term T based in part on the performance of said at least one index and the set of indexing parameters P such that said updated initial income amount is at least equal to the initial income amount multiplied by the floor guarantee;
- or,
- receive a floor guarantee greater than 1 from the user, and update the initial income amount at the end of the specified indexing term T based in part on the performance of said at least one index and the set of indexing parameters P such that said updated initial income amount is at least equal to the initial income amount multiplied by the floor guarantee.
9 more elements
A computer-based apparatus for representing and acting on an indexed reversionary annuity, comprising:
- a memory unit for at least one specially programmed computer configured to store:
- computer readable instructions;
- and,
- an initial income amount;
- 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,
- update the initial income amount at an end of a specified indexing term T based in part on a performance of at least one index and the set of indexing parameters P, wherein the at least one index includes:
- an equity index including the S&P 500 Index, the Russell 2000 Index, the Nasdaq 100 Index, or the MSCI EAFE Index;
- or
- a commodity index including the S&P GSCI Total Return Index, the Dow Jones-UBS Commodity Index—Total Return, or the Auspice Broad Commodities Total Return Index;
- or,
- a bond index, a blended index, or a customized index.
10 more elements
Dependencies are inferred from the claim text.