US Patent:
20130275330, Oct 17, 2013
Inventors:
Tim Bennett - Marion IA, US
Darin Smith - Marion IA, US
Kevin Roper - Cedar Rapids IA, US
Larry Lickteig - Hiawatha IA, US
Josh Pinnick - Cox's Creek KY, US
Matthew Krigbaum - Marion IA, US
Assignee:
TRANSAMERICA CORPORATION - San Francisco CA
International Classification:
G06Q 40/06
Abstract:
Methods and apparatuses, including computer program products, are described for assigning a risk profile to a guarantee product and charging associated fees. Risk profiles are established, each based on a risk level. A first risk profile is assigned to the guarantee product based on an initial allocation of assets in a linked investment account. A periodic determination is made as to whether the guarantee product is in compliance with the first risk profile due to initial asset allocation changes, including determining whether the asset allocation satisfies the risk level of the first risk profile. A second risk profile is assigned whenever the guarantee product is no longer in compliance with the first risk profile based on the current allocation of assets.