Abstract: Disclosed herein are a computer system, computer-implemented methods, and related technologies that may be used for administering a customizable annuity product. The customizable annuity product has a number of investment sleeves, each of which is tied to an index such as a mutual fund or a stock index. For each investment sleeve, the annuity purchaser can choose the index to which the account is tied, though funds from the annuity product are not actually invested in the indices. During the accumulation phase of a customizable annuity product, the account value for the product may increase (or, potentially, decrease) in proportion with the performance of the indices to which the investment sleeves are tied. The disclosed computer system, computer-implemented methods, and related technologies may be used by an insurance company or other financial institution to administer the customizable annuity product and communicate with the purchasers of customizable annuity product.

Abstract: Disclosed herein are a computer system, computer-implemented methods, and related technologies that may be used for administering a customizable annuity product. The customizable annuity product has a number of investment sleeves, each of which is tied to an index such as a mutual fund or a stock index. For each investment sleeve, the annuity purchaser can choose the index to which the account is tied, though funds from the annuity product are not actually invested in the indices. During the accumulation phase of a customizable annuity product, the account value for the product may increase (or, potentially, decrease) in proportion with the performance of the indices to which the investment sleeves are tied. The disclosed computer system, computer-implemented methods, and related technologies may be used by an insurance company or other financial institution to administer the customizable annuity product and communicate with the purchasers of customizable annuity product.

Abstract: A computer system for facilitating communications among a customer computer system and a payment system includes a communications router, a payment system, and a one or more processors. The processors execute instructions stored in memory to receive a request for a benefit payment from a deferred variable annuity account during the accumulation phase form the customer computer system, via the communications router. The instructions cause the processors to determined, based or both of duration between a time one of the benefit payments was first available and a time of a first one of the benefit payments; and duration from a first one of the benefit payments until the period, a maximum available for withdrawal in accordance with a guarantee, and to communicate with the payment system.

Abstract: A system for administering a variable annuity account includes a processor and a memory in communication with the processor. The processor is adapted to: access from a memory storage device data indicative of actual performance over a time period of a fund within the variable annuity account; access from a memory storage device data indicative of benchmark performance of the fund; compare the actual performance data to the benchmark performance data, and store the result of the comparison in the memory; based on the results of the step of comparing, determine whether to refund to the account an amount; if the amount is to be refunded, access data indicative of the refund amount; access data indicative of the asset value of the account; determine an updated asset value based on the asset value and the amount to be refunded; store the determined updated asset value in a memory storage location; and provide an output signal including data indicative of the change in the asset value of the account.

Abstract: Systems and methods are disclosed herein for scoring and ranking financial advisors based on their sales histories. The system includes a database and an advisor rating system processor in communication with the database. The database stores sales history data related to a plurality of financial advisors. The advisor rating system processor obtains data related to financial advisors from the database and calculates a score for each financial advisor based on their sales revenue and sales frequency. The advisor rating system processor then compares the advisors based on these scores and generates a report indicating to which financial advisors a company should market financial products.

Abstract: A computer implemented data processing system and method processes data associated with a deferred variable annuity contract during the accumulation phase for a relevant life. The data includes a payment base value, a contract value, a withdrawal percent and a formula for determining an available benefit payment amount without reduction of the payment base value. The formula includes as factors the payment base value, the withdrawal percent, and an adjustment factor dependent on a period of deferral from a time a benefit payment withdrawal was first available until a first benefit payment withdrawal request and a period of time since the first benefit payment withdrawal request.

Abstract: A method for determining one or more features of an annuity includes receiving data indicative of a prospective annuitant's personal expenses in at least a first expense category and a second expense category; storing the data in memory; accessing price index information for the first expense category; accessing price index information for the second expense category; accessing general price index information; and based on factors including the price index information for the first expense category, the price index information for the second expense category, and the general price index information, determining a benefit increase rate of an annuity for the prospective annuitant; and providing an output indicative of at least the determined benefit increase rate.

Abstract: Disclosed herein are a computer system, computer-implemented methods, and related technologies that may be used for administering a customizable annuity product. The customizable annuity product has a number of investment sleeves, each of which is tied to an index such as a mutual fund or a stock index. For each investment sleeve, the annuity purchaser can choose the index to which the account is tied, though funds from the annuity product are not actually invested in the indices. During the accumulation phase of a customizable annuity product, the account value for the product may increase (or, potentially, decrease) in proportion with the performance of the indices to which the investment sleeves are tied. The disclosed computer system, computer-implemented methods, and related technologies may be used by an insurance company or other financial institution to administer the customizable annuity product and communicate with the purchasers of customizable annuity product.

Abstract: A system for data processing for an account of a financial product has a processor and a memory. The processor receives an account value and a charge applicable to the account based on a fraction of the value of the account; on a basis of a second period, shorter than a first period. Throughout the first period, the processor calculates a fractional charge based on the value of the account, and updates the account value by decrementing the account value in the amount of the fractional charge. At the end of the first period, the processor compares a charge for the first period based on the account value on one day during the first period to a sum of the fractional charges for the first period, and increases the account value by the difference if the first period charge is less than the sum of the fractional charges.

Abstract: A system for administering an insurance account includes a processor; a memory in communication with the processor; the processor being adapted to: access data indicative of a value of an index calculated based on a formula including as factors prices of individual equity securities; access data indicative of dividend yield; access data indicative of an asset value of an insurance account having a value based on the index; determine an updated asset value of the insurance account based on change in the index and on the dividend amount paid; store the determined updated asset value in the memory; and provide an output signal indicative of the determined updated asset value.

Abstract: A system for data processing for an account of a financial product has a processor and a memory. The processor receives an account value and a charge applicable to the account based on a fraction of the value of the account; on a basis of a second period, shorter than a first period. Throughout the first period, the processor calculates a fractional charge based on the value of the account, and updates the account value by decrementing the account value in the amount of the fractional charge. At the end of the first period, the processor compares a charge for the first period based on the account value on one day during the first period to a sum of the fractional charges for the first period, and increases the account value by the difference if the first period charge is less than the sum of the fractional charges.

Abstract: A system for administration of an insurance annuity account has a processor and a memory. The processor receives a net asset value of the account at a commencement of a first period and a charge applicable to the account based on a fraction of the net asset value of the account; on a basis of a second period, shorter than the first period, throughout the first period: the processor calculates a fractional charge based on the net asset value of the account, and updates the net asset value by decrementing the net asset value in the amount of the fractional charge. At the end of the first period, the processor compares a charge for the first period based on the net asset value of the account on one day during the first period to a sum of the fractional charges for the first period, and increases the net asset value by the difference if the first period charge is less than the sum of the fractional charges.

Abstract: A system for administering an insurance account includes a processor; a memory in communication with the processor; the processor being adapted to: access data indicative of a value of an index calculated based on a formula including as factors prices of individual equity securities; access data indicative of dividend yield; access data indicative of an asset value of an insurance account having a value based on the index; determine an updated asset value of the insurance account based on change in the index and on the dividend amount paid; store the determined updated asset value in the memory; and provide an output signal indicative of the determined updated asset value.

Abstract: A computer-implemented method for administering an annuity product includes storing by a processor in memory an amount of an initial funding payment, an interest rate formula and a term for an accumulation annuity, and storing terms including a deferral term for a guaranteed income annuity. If the processor determines that the current time is during the term, the processor calculates an amount of interest earned on the fixed rate annuity and storing in memory a credit of the calculated interest amount to a guaranteed income annuity. After the accumulation period, the processor provides an output signal indicative of instructions to provide a notice of expiration. After the deferral period, the processor calculates an income annuity payment amount from the guaranteed income annuity; and provides an output signal indicative of instructions for a payment to be made to an annuitant based on the income annuity payment amount.

Abstract: Systems and methods are disclosed herein for scoring and ranking financial advisors based on their sales histories. The system includes a database and an advisor rating system processor in communication with the database. The database stores sales history data related to a plurality of financial advisors. The advisor rating system processor obtains data related to financial advisors from the database and calculates a score for each financial advisor based on their sales revenue and sales frequency. The advisor rating system processor then compares the advisors based on these scores and generates a report indicating to which financial advisors a company should market financial products.

Abstract: A system for administering an insurance account includes a processor; a memory in communication with the processor; the processor being adapted to: access data indicative of a value of an index calculated based on a formula including as factors prices of individual equity securities; access data indicative of dividend yield; access data indicative of an asset value of an insurance account having a value based on the index; determine an updated asset value of the insurance account based on change in the index and on the dividend amount paid; store the determined updated asset value in the memory; and provide an output signal indicative of the determined updated asset value.

Abstract: A computer implemented data processing system and method processes data associated with a deferred variable annuity contract during the accumulation phase for a relevant life. The data includes a payment base value, a contract value, a withdrawal percent and a formula for determining an available benefit payment amount without reduction of the payment base value. The formula includes as factors the payment base value, the withdrawal percent, and an adjustment factor dependent on a period of deferral from a time a benefit payment withdrawal was first available until a first benefit payment withdrawal request and a period of time since the first benefit payment withdrawal request.

Abstract: A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a lifetime benefit payment amount available for withdrawal without reduction in the payment base. The lifetime benefit payment amount is based in part on a withdrawal percent and in part on an adjustment factor based on a number of years deferred before taking a first lifetime benefit payment.

Abstract: A computer system for administering a plan for providing life insurance associated with a savings plan to attain a target balance at a target date, the system having a processor and a memory in communication with the processor. The processor is adapted to, responsive to receiving data including a death of the insured, determine whether the death occurred after a deferral period and before the target date. The processor is further adapted to, responsive to determining that the death occurred after the deferral period and before the target date, determine a death benefit amount based on the date of death, the death benefit amount being less than the target balance; and provide an output signal indicative of the amount of the death benefit to be paid to the savings plan.

Abstract: A computer system for administering a retirement income guarantee contract includes a communications module for receiving and transmitting data, and an administration module. The administration module has: an account initiation module for storing contract data including: an initial premium amount paid on which an accumulation balance is initially based; a target payout commencement date and a payout commencement date range including the target payout commencement date; payout rates fixed at the time of payment of the initial premium amount for determining income payments for payouts commencing at dates within the range; and one or more crediting rates fixed at the time of payment of the initial premium amount for determining increases in accumulation balance until the payout date. A payout administration module determines a payout amount based on the accumulation balance at the payout date and the fixed payout rate applicable to the payout date.