SYSTEM AND METHOD FOR PROVIDING A GUARANTEE WITHIN A DEFERRED ANNUITY FOR INSURING A SECURITY

摘要

A system for providing a guarantee within a deferred annuity for insuring a security against a change in value of the security is disclosed which comprises a computer system configured to have entered information related to a security to be insured by the guarantee within the deferred annuity, the computer system configured to prepare the guarantee within the deferred annuity based upon the entered information related to the security to be insured, the deferred annuity having an account value, and the security to be insured being held in an account separate from the account value of the deferred annuity.

主权项

1. A system for providing a guarantee within a deferred annuity for insuring a security against a change in value of the security comprising a computer system configured to have entered information related to the security to be insured by the guarantee within the deferred annuity and a value of the security to be insured, the computer system configured to prepare the guarantee within the deferred annuity based upon the entered information related to the security to be insured and the value of the security to be insured, the deferred annuity having a virtual account value equivalent to the value of the security to be insured, the virtual account value being used to calculate a benefit payable under the guarantee within the deferred annuity and the security to be insured being held within the account value of the deferred annuity.