SYSTEM AND METHOD FOR PROVIDING ADDITIONAL INCOME FOR ANNUITIES

摘要

Methods and a system for providing an annuity having income payments and receipt of a dividend. The method comprises receiving a dividend and having the option to receive the dividend in cash, convert it into an income payment stream, defer a portion of the value of the dividend declared to convert into a future dividend stream, or any combination of the foregoing. A portion of a value of dividends from the annuity can be used to purchase additional income payments. Future dividend payments may be based on additional income payments purchased with dividends. The dividend can be used to purchase additional income payments with a first portion of a value of dividends from the annuity and receive a cash payment with a second portion of the value of the dividends from the annuity. The dividend purchased portion of the income payment may be converted to a non-dividend income payment.

主权项

1. A method for providing an annuity having income payments and receipt of a dividend, the method comprising:
receiving a request to exercise a dividend distribution option associated with an annuity policy; converting, via a processing device, the dividend into additional income payment in response to the exercise of the dividend distribution option; and determining, via the processing device, a total income payment of the annuity policy, wherein determining the total income payment of the annuity policy includes increasing the income payments of the annuity policy by the additional income payment.