System and method for incorporating mortality risk in an...

G - Physics – 06 – Q

Patent

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

G06Q 40/00 (2006.01) G06F 17/30 (2006.01)

Patent

CA 2314628

A retirement planning method for computing possible future values of a portfolio of an investor. In one embodiment, the method includes the steps of (a) receiving a plurality of user inputs comprising am initial value of the portfolio and a current age of the investor; (b) providing data indicating one of cumulative probabilities of living to an age of death and cumulative probabilities dying at an age of death for persons of a given age group; (c) randomly drawing a number between 0 and 1 for the investor; (d) defining the randomly drawn number as one of said one of cumulative probabilities of living to an age of death and cumulative probabilities of dying at an age of death; (e) determining an age of death of the investor in accordance with said data based on the current age of the investor and the randomly drawn number; (f) computing a future value of the portfolio using the age of death of the investor determined in step (e), a predetermined rate of return, and the initial value of the portfolio; and (g) outputting the computed future value of the portfolio.

LandOfFree

Say what you really think

Search LandOfFree.com for Canadian inventors and patents. Rate them and share your experience with other people.

Rating

System and method for incorporating mortality risk in an... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for incorporating mortality risk in an..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for incorporating mortality risk in an... will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFCA-PAI-O-1435684

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.