Buckley, Maschoff & Talwalkar LLC
Apparatus, method, program and computer-readable recording medium for providing guaranteed minimum accumulated benefit contract funded with matching bond investments
A guaranteed minimum accumulated benefit (GMAB) variable annuity contract management apparatus stores contract data on GMAB variable annuity contracts having a predetermined contract duration. The apparatus also stores fund data on amounts paid to purchase the contracts. The apparatus computes a portion of the amounts paid that is to be allocated to a bond fund. The apparatus stores data on the portion of the amounts paid to be allocated to the bond fund. A substantial portion, or all, of the bond fund is invested in bonds that have a maturity date that matches the contract duration of the GMAB variable annuity contracts.
Hartford Fire Insurance Company
G G
G06Q G06Q
inventional inventional
Jennifer Lynn Daniel R. David P. Xiaobo
Healy Guilbert Wiland Zhou