United Services Automobile Association (usaa)

Christopher Charles Ogburn

Lisa Ellis Schwartz

Sarah Brooke Severson

Christopher P Keene

Phillip Neil Beyer

Douglas Irby Ward

Robert J Schaffer, Iii

John Dale Hegstrom

Ronald Bryan Sweet

Michael Belko

Jeremy S May

Matthew Douglas Karam

Richard Edward Wintheiser

Angela L Fahrenthold

Regina E Hirner

Kristin J Kuhn

Shawn T Loftus

Jiemin L Math

James G Miranda

A method for providing a financial instrument includes providing a processor. The method also includes generating, using the processor, an annuity comprising a fluctuating annuity payment and an option to fix the fluctuating annuity payment and setting a payment schedule for the fluctuating annuity payment.

Single premium immediate annuity with adjustable payment

The present disclosure describes determining a premium for a life insurance policy. One or more methods and systems include combining a determination of a mortality risk with a determination of a future lapse risk for an individual to yield the premium for the life insurance policy.

Determining premiums for life insurance policies

A method of providing a financial product includes providing a computer processor, determining, using the computer processor, a fluctuating interest rate using a sum of a securities-based interest rate and an additional interest rate, and generating, using the computer processor, a periodic payment product using the fluctuating interest rate, wherein the periodic payment product is characterized by a payment schedule. The method also includes generating, using the computer processor, a plurality of fluctuating periodic payments using the fluctuating interest rate and obtaining an indication to fix the fluctuating interest rate at a fixed interest rate. The method further includes thereafter, determining, using the computer processor, the fixed interest rate and generating a fixed periodic payment using the fixed interest rate.

A fluctuating annuity payment is determined and generated, and that annuity payment is subsequently fixable. The fluctuating annuity payment may be based on an interest rate, such as the market yield of a 1-year U.S. Treasury adjusted to constant maturity, for example. The fluctuating annuity payment may be determined on a certain date, or periodically, for example. The annuity payment, while fluctuating, may have a predetermined floor or minimum threshold amount that is does not pay less than. At some point, a request may be received to fix the payment, and the fluctuating annuity payment is converted to a fixed annuity payment. The fixed annuity payment may be based on a long term interest rate, for example. After receiving a request to fix the annuity payment, a payment schedule may be determined based on the value of the remaining payments that are to be made.

Growing community of inventors

Helotes, TX, United States of America

Christopher Charles Ogburn