Computer based system for pricing tax flow-through annuity product

摘要

A computer-based method, system and apparatus for pricing a tax flow-through annuity product. The resulting product is superior to traditional VA's, offering: lifetime income guarantees; capital gains tax treatment on annuity withdrawals; stock dividends taxed as dividends, not ordinary income; ETF-like tax efficiency by minimizing capital gains distributions, even on actively-managed funds; and wealth transfer efficiency through step-up in basis on death. The product benefits life insurance carriers and distributors. Investor benefits include: the ability to realize the full benefit of recent tax reform; the potential for better tax treatment than existing mutual funds; a guarantee of lifetime income; and the ability to pass assets on to heirs efficiently.