Independent annuity placement system and method

摘要

A system and method for facilitating annuity transactions between annuity purchasers and providers via an annuities placement program accessible to the purchasers and providers. Purchasers enter quote solicitation information used by the annuity providers to establish a quote for an annuity. Annuity providers enter a quote in response to the quote solicitation information, and the quote is provided to the purchaser via the annuities placement program. The quote is customized to the annuity purchaser's quote solicitation information. Multiple quotes from multiple providers may be presented to the purchaser for ease of quote comparison. To facilitate such transactions, a discretionary group is established to be a contract holder for each participating annuity provider. A master group contract is established for each of the participating providers, each of which is written by a respective one of the participating annuity providers to the discretionary group to allow the discretionary group to be the contract holder for annuities purchased by the annuity purchasers. In response to an annuity purchase, a certificate of participation is issued to the purchaser from the provider under the terms of the master group contract of that annuity provider, which reflects annuity terms customized to the annuity purchaser.

主权项

1. A method for facilitating annuity contract quoting between annuity purchasers and annuity providers; comprising:
receiving, by a server computing system, an electronic annuity quote invitation from an annuity purchaser computing system on behalf of an annuity purchaser; electronically dispatching the electronic annuity quote invitation from the server computing system to annuity provider computing systems of designated annuity providers to prompt the designated annuity providers to furnish the annuity quote at a group rate for the annuity purchaser who is not otherwise a member of a group; assembling, by the server computing system, electronic annuity quote responses provided by the annuity provider computing systems, in a presentation facilitating comparative analysis of at least income between the electronic annuity quote responses; sending, by the server computing system, the electronic annuity quote responses to the annuity purchaser computing system in response to the electronic annuity quote invitation; receiving, by the server computing system, a highest income-generating electronic annuity quote response selected by the annuity purchaser computing system from the electronic annuity quote responses sent; and electronically notifying the annuity provider computing system that provided the highest income-generating electronic annuity quote response that the annuity purchaser is requesting to purchase an annuity from the designated annuity provider associated with the annuity provider computing system that provided the highest income-generating electronic annuity quote response at the group rate and at terms provided in the highest income-generating electronic annuity quote response.