Abstract: A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value Ei for E; calculating the observed distribution D of profitability; comparing D with R; and, computing a revised trial value Ei+1 for E, where the steps of establishing, generating, setting, calculating, comparing, and computing are performed by at least one general purpose computer.

Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount.

Abstract: A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value Ei for E; calculating the observed distribution D of profitability; comparing D with R; and, computing a revised trial value Ei+1 for E, where the steps of establishing, generating, setting, calculating, comparing, and computing are performed by at least one general purpose computer.

Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount.

Abstract: A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value Ei for E; calculating the observed distribution D of profitability; comparing D with R; and, computing a revised trial value Ei+1 for E, where the steps of establishing, generating, setting, calculating, comparing, and computing are performed by at least one general purpose computer.

Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount.

Abstract: A computer-based method for generating a program for hedging guaranteed benefits of a set of variable annuity (VA) contracts, including automatically generating interpreted and compiled contract value projection code; generating vectorized integrated scenario sets including arbitrage-free interest rate, hedging instrument, and VA fund values based on financial market data and regression and cointegration analysis of the VA funds and user-selected hedging instruments; multi-threaded vectorized calculating of present value PVGij of projected VA benefit guarantee cash flows for each VA contract i for each vectorized integrated scenario set j; calculating of differences of PVGij to determine sensitivities to financial parameters (“Greeks”) for each contract; calculating of present value PVAij of projected asset cash flows for each asset i for each vectorized integrated scenario set j; calculating of differences of PVAij to determine sensitivities to financial parameters (“Greeks”) for each asset; and, presenting

Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount P, a term T, a specified guaranteed amount G, and an index credit C, comprising: d) setting trial values for fixed-income-linked crediting parameters for said product implying an expected fixed-income-linked credit component F at the end of the term T; e) determining a cost for an equity option paying equity-linked credit component E such that the index credit C=E+F, to be paid at T, together with the principal P, is at least equal to G; and f) summing said equity option cost, present value of principal, and present value of fixed-income-linked credit component to determine said value of said index-offset deposit product.

Abstract: The present invention broadly comprises a computer-based method for determining a set of equity-indexed crediting parameters C for a selectable-term equity-indexed deposit product also having a set of profitability requirements R, a principal amount P, an account value A, a maximum term T, a set of lock-in formulas F, a selected term T?, an immediate credit I, and a guaranteed rate G, with R, P, A, T, C, and F determined at the time of product purchase and T? <=T determined by the purchaser after the time of purchase and I and G determined by the seller at T? according to the set of formulas F, with the immediate credit I being added to the account value A at time T? and interest being credited to the account value A at the rate G from time T? to time T.

Abstract: The present invention broadly comprises a computer-based method for determining a set of equity-indexed crediting parameters C for a selectable-term equity-indexed deposit product also having a set of profitability requirements R, a principal amount P, an account value A, a maximum term T, a set of lock-in formulas F, a selected term T?, an immediate credit I, and a guaranteed rate G, with R, P, A, T, C, and F determined at the time of product purchase and T?<=T determined by the purchaser after the time of purchase and I and G determined by the seller at T? according to the set of formulas F, with the immediate credit I being added to the account value A at time T? and interest being credited to the account value A at the rate G from time T? to time T.

Abstract: A computer-based method, system and apparatus for pricing a tax flow-through annuity product. The resulting product is superior to traditional VA's, offering: lifetime income guarantees; capital gains tax treatment on annuity withdrawals; stock dividends taxed as dividends, not ordinary income; ETF-like tax efficiency by minimizing capital gains distributions, even on actively-managed funds; and wealth transfer efficiency through step-up in basis on death. The product benefits life insurance carriers and distributors. Investor benefits include: the ability to realize the full benefit of recent tax reform; the potential for better tax treatment than existing mutual funds; a guarantee of lifetime income; and the ability to pass assets on to heirs efficiently.

Abstract: A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value Ei for E; calculating the observed distribution D of profitability; comparing D with R; and, computing a revised trial value Ei+1 for E, where the steps of establishing, generating, setting, calculating, comparing, and computing are performed by at least one general purpose computer.

Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount P, a term T, a specified guaranteed amount G, and an index credit C, comprising: d) setting trial values for fixed-income-linked crediting parameters for said product implying an expected fixed-income-linked credit component F at the end of the term T; e) determining a cost for an equity option paying equity-linked credit component E such that the index credit C=E+F, to be paid at T, together with the principal P, is at least equal to G; and f) summing said equity option cost, present value of principal, and present value of fixed-income-linked credit component to determine said value of said index-offset deposit product.

Abstract: A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value Ei for E; calculating the observed distribution D of profitability; comparing D with R; and, computing a revised trial value Ei+1 for E, where the steps of establishing, generating, setting, calculating, comparing, and computing are performed by at least one general purpose computer.

Abstract: A computer-based method for determining a value of an index-offset deposit product, having a principal amount P, a term T, a specified guaranteed amount G, and an index credit C, comprising: d) setting trial values for fixed-income-linked crediting parameters for said product implying an expected fixed-income-linked credit component F at the end of the term T; e) determining a cost for an equity option paying equity-linked credit component E such that the index credit C=E+F, to be paid at T, together with the principal P, is at least equal to G; and f) summing said equity option cost, present value of principal, and present value of fixed-income-linked credit component to determine said value of said index-offset deposit product.

Abstract: A computer-based system for valuing a customized indexed call option.