Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Charles Gordon Fisher, III0
Date of Patent
February 16, 2010
0Patent Application Number
100541920
Date Filed
January 22, 2002
0Patent 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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