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US 8,805,733 B1Granted
Single premium deferred annuity
AssigneeAllstate Insurance Company
InventorsDavid Hanzlik, Sarah R. Donahue, Robert Koth
Life of this patent
Estimating the term…
Abstract
Systems and methods relating to a single premium deferred annuity are provided. In one embodiment, the annuity may be used for retirement planning. Aspects disclosed herein relate to an annuity that provides protection against market losses and allows the purchaser/owner to choose the level of protection.
Claims12
A computerized method comprising:
- receiving, by a financial development plan server, a first user input, wherein in response to receipt of the first user input, initiating, by the financial development plan server, a single deferred annuity, wherein the user input provides a desired level of protection for one or more phases of the annuity;
- triggering, by the financial development plan server, an accumulation phase;
- determining, by the financial development plan server, at least one of a maximum gain parameter and a maximum loss parameter based at least in part on the desired level of protection;
- calculating, by the financial development plan server, the other of the maximum gain parameter and the maximum loss parameter based upon the determined maximum gain parameter or maximum loss parameter, wherein the maximum gain parameter is correlated to a stock market index, and is calculated as proportional to the maximum loss parameter;
- storing, by the financial development plan server, a bail out rate with the annuity upon issuance of the annuity;
- and
- during the accumulation phase, performing at least one of:
- (i) determining, by the financial development plan server, that the bail out rate is less than the maximum gain parameter, and in response, accepting a received user input that instructs the withdrawal of financial resources of the annuity;
- and
- (ii) during an investment option time interval within the accumulation phase, calculating an investment option performance value.
7 more elements
A computerized method comprising:
- receiving, by a financial development plan server, a first user input, wherein in response to receipt of the first user input, initiating, by the financial development plan server, a single deferred annuity, wherein the user input provides a desired level of protection for one or more phases of the annuity;
- triggering, by the financial development plan server, an accumulation phase;
- determining, by the financial development plan server, at least one of a maximum gain parameter and a maximum loss parameter based at least in part on the desired level of protection;
- calculating, by the financial development plan server, the other of the maximum gain parameter and the maximum loss parameter based upon the determined maximum gain parameter or maximum loss parameter, wherein the maximum gain parameter has a first absolute value and the maximum loss parameter has a second absolute value;
- storing, by the financial development plan server, a bail out rate with the annuity upon issuance of the annuity;
- during the accumulation phase, performing at least one of:
- (i) determining, by the financial development plan server, that the bail out rate is less than the maximum gain parameter, and in response, accepting a received user input that instructs the withdrawal of financial resources of the annuity;
- and
- (ii) during an investment option time interval within the accumulation phase, calculating an investment option performance value.
6 more elements
A computer-readable medium comprising computer-executable instructions that when, executed by a processor, perform at least:
- receiving, by a financial development plan server, a first user input, wherein in response to receipt of the first user input, initiating, by the financial development plan server, a single deferred annuity, wherein the user input provides a desired level of protection for one or more phases of the annuity;
- triggering, by the financial development plan server, an accumulation phase;
- determining, by the financial development plan server, at least one of a maximum gain parameter and a maximum loss parameter based at least in part on the desired level of protection;
- calculating, by the financial development plan server, the other of the maximum gain parameter and the maximum loss parameter based upon the determined maximum gain parameter or maximum loss parameter, wherein the maximum gain parameter has a first absolute value and the maximum loss parameter has a second absolute value;
- storing, by the financial development plan server, a bail out rate with the annuity upon issuance of the annuity;
- during the accumulation phase, performing at least one of:
- (i) determining, by the financial development plan server, that the bail out rate is less than the maximum gain parameter, and in response, accepting a received user input that instructs the withdrawal of financial resources of the annuity;
- and
- (ii) during an investment option time interval within the accumulation phase, calculating an investment option performance value.
6 more elements
Dependencies are inferred from the claim text.