Inventors:
Charles G. Fisher - Scarsdale NY, US
Bruce C. Long - Newport RI, US
Assignee:
The Guardian Life Insurance Company of America - New York NY
International Classification:
G06F 17/60
US Classification:
705 35, 705 36, 705 4, 705 7
Abstract:
A system for and method of variable annuity contract administration is provided. Each variable annuity contract includes a bonus investment credit percentage, withdrawal charge percentages less than or equal to the bonus investment credit percentage in all contract years, and level asset-based compensation to distributors. In accordance with the invention, data relating to variable annuity contracts are stored in a memory means. A processing means is configured to read and manipulate the stored data to administer the variable annuity contracts from issuance to payout.