System For And Method Of Individual Annuity Payout Administration

PUB. NUMBER	US7664700
Appl. Data	US200254192A 20020122
	The Guardian Life Insurance Company of America
	Fisher, III, Charles Gordon
TITLE	System for and method of individual annuity payout administration
ABSTRACT

A system for and method of administering payouts under an individual annuity contract is provided. In accordance with one embodiment of the present invention, a computer system is provided which includes a memory for storing individual annuity contract data relating to a individual annuity contract which provides the contract owner with the option to withdraw principal from the annuity during the payout phase, and a processor programmed to process and issue principal payouts as selected by the annuitant.

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