METHODS AND SYSTEMS FOR STABILIZING REVENUE DERIVED FROM VARIABLE ANNUITIES REGARDLESS OF MARKET CONDITIONS

摘要

The present invention provides methods and systems for stabilizing revenue derived by a variable annuity provider from variable annuities having a mortality and expense fee computed based on at least one variable that is not directly affected by market conditions, e.g., the annuity premium or a portion thereof, such as the premium that has been paid, or the premium that has been paid and invested in one or more investment divisions available to an annuity owner. The mortality and expense fee may also account for any withdrawals paid out of and disbursements made from the premium paid accordingly. The mortality and expense fee generally funds at least in part a risk associated with an annuity death benefit, such as a return of premium that has been paid death benefit.

主权项

1. A computerized method for offering variable annuities, the method comprising:
electronically generating, via a processing device, a variable annuity with a guaranteed minimum death benefit for an individual, wherein the guaranteed minimum death benefit comprises a payment of the annuity's cash value in the event the individual dies before commencement of annuity payments and wherein the annuity's cash value is determined based at least in part on a value of investments associated with in the variable annuity; electronically calculating, via the processing device, a mortality and expense fee for a plurality of periods based on at least one variable having a value that is independent of a value of investments associated with in the variable annuity; and using the mortality and expense fee to fund, at least in part, a risk associated with the guaranteed minimum death benefit of the variable annuity.