METHOD AND SYSTEM FOR PROCESSING DATA FOR A DEFERRED VARIABLE ANNUITY WITH BENEFIT PAYMENTS AS A FUNCTION OF A PREDETERMINED TIME-BASED WITHDRAWAL PERCENT

摘要

A computer system for processing data relating to a deferred variable annuity contract during the accumulation phase has a storage device having data including a contract value, a payment base value, and a formula for determining amounts of available benefit payments during a time period, without reduction of the payment base value, using a withdrawal percent based on a time elapsed from a purchase date of the contract. A processor is configured to access an applicable withdrawal percent and determine an available benefit amount during a time period based on the applicable withdrawal percent and a withdrawal base value.