Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Charles Gordon Fisher, III0
Date of Patent
August 30, 2011
Patent Application Number
12705022
Date Filed
February 12, 2010
Patent Primary Examiner
Patent 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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