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:
Jan. 25, 2011
Filed:
Dec. 05, 2007
Applicants:
Charles D. Tatro, Mendon, MA (US);
Joseph M. Weiss, Glastonbury, CT (US);
Inventors:
Charles D. Tatro, Mendon, MA (US);
Joseph M. Weiss, Glastonbury, CT (US);
Assignee:
Hartford Fire Insurance Company, Hartford, CT (US);
Attorney:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2006.01);
U.S. Cl.
CPC ...
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 withdrawal percent for determining a lifetime benefit payment amount available for withdrawal without reduction in the payment base. The withdrawal percent is dependent on the age of a relevant life as of the date of a request made by the relevant life for the withdrawal.