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Method and system for an enhanced step-up provision in a deferred variable annuity with a rising guaranteed step-up
Method and system for an enhanced step-up provision in a deferred variable annuity with a rising guaranteed step-up
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机译:在递延可变年金中以提高的有保证升值的方式提高递升准备的方法和系统
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摘要
A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.
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