The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 21, 2006
Filed:
Jul. 25, 2000
Charles G. Fisher, Scarsdale, NY (US);
Bruce C. Long, Newport, RI (US);
Donald P. Sullivan, Jr., Bethlehem, PA (US);
Charles G. Fisher, Scarsdale, NY (US);
Bruce C. Long, Newport, RI (US);
Donald P. Sullivan, Jr., Bethlehem, PA (US);
The Guardian Life Insurance Company of America, New York, NY (US);
Abstract
A system for and method of variable annuity contract administration is provided. Each variable annuity contract includes a bonus investment credit percentage, withdrawal charge percentages less than or equal to the bonus investment credit percentage in all contract years, and level asset-based compensation to distributors. In accordance with the invention, data relating to variable annuity contracts are stored in a memory means. A processing means is configured to read and manipulate the stored data to administer the variable annuity contracts from issuance to payout.