Abstract: Administering a fixed annuity having a long-term care (LTC) rider includes calculating, at a time of an insured party entering a claim period for LTC benefits and as a function of a value of a fixed annuity for an annuitant, an available insurance amount for an LTC benefit. This fixed-annuity value can comprise a present value of the fixed annuity at the time the insured party enters the claim period. These teachings will also accommodate calculating the total LTC benefits by summing the value of the fixed annuity with the value of the fixed annuity as multiplied by a multiplier. LTC benefits can be paid by apportioning a first part of the payment against the fixed annuity itself while apportioning a second part of the payment against an available insurance amount. Following depletion of the annuity, however, one can then apportion such payments only against the available insurance amount until exhausted.
Type:
Application
Filed:
April 7, 2011
Publication date:
October 13, 2011
Applicant:
THRIVENT FINANCIAL FOR LUTHERANS
Inventors:
Wendy Catherine McCullough, Kim Henderson Tillmann, Jeffrey James Walentowski
Abstract: The present invention is a method of monitoring a retirement income plan and managing retirement income through use of a retirement income planning tool. The retirement income planning tool is comprised of modules working together in order to facilitate planning, monitoring, management and generation of a retirement income plan. The projected assets are generated in response to the processing of financial data input into the retirement income planning tool in view of potential investment performance scenarios. The financial data input into the retirement income planning tool includes at least a customer's desired retirement income levels, assets level and retirement compensation levels. The retirement income plan is comprised of at least data representative of projected retirement compensation, asset levels and projected asset withdrawals.
Type:
Application
Filed:
June 28, 2010
Publication date:
October 21, 2010
Applicant:
THRIVENT FINANCIAL FOR LUTHERANS
Inventors:
Kenneth Alfred Dahlberg, Stephen Michael Fredlund
Abstract: A method of administering a single premium immediate annuity is disclosed. The method includes specifying an income payment amount representing a base level of purchasing power each scheduled annuity payment shall be able to substantially achieve. The amount of the annuity payment to be made at scheduled intervals being adjusted to maintain the purchasing power of the annuity payment, whereby the annuity payment is adjusted to accommodate inflation and maintain a base level of purchasing power. The method of administering the annuity including the inclusion of income payment adjustment ceilings and floors, whereby income payments cannot be reduced below a predefined minimum level, nor can income payments increase above a predefined maximum level in any given year.
Abstract: The present invention is a method of monitoring a retirement income plan and managing retirement income through use of a retirement income planning tool. The retirement income planning tool is comprised of modules working together in order to facilitate planning, monitoring, management and generation of a retirement income plan. The projected assets are generated in response to the processing of financial data input into the retirement income planning tool in view of potential investment performance scenarios. The financial data input into the retirement income planning tool includes at least a customer's desired retirement income levels, assets level and retirement compensation levels. The retirement income plan is comprised of at least data representative of projected retirement compensation, asset levels and projected asset withdrawals.
Type:
Application
Filed:
November 13, 2006
Publication date:
May 15, 2008
Applicant:
THRIVENT FINANCIAL FOR LUTHERANS
Inventors:
Kenneth Alfred Dahlberg, Stephen Michael Fredlund
Abstract: A device for freezing a credit card includes a container having a cavity sized to receive the credit card. The device includes a stick including a member for coupling the credit card to the stick. The stick including the credit card is sized to be introduced into the cavity. Liquid is introduced into the cavity and the device is placed in a cold environment to allow the liquid to freeze about the stick and the credit card.
Type:
Application
Filed:
September 25, 2006
Publication date:
March 27, 2008
Applicant:
Thrivent Financial for Lutherans
Inventors:
Ross James Starfeldt, John Francis Turner