| US 7,603,306 B2 | ||
| System and method for incorporating mortality risk in an investment planning model | ||
| Rex Macey, 4790 Huntley Dr. NE., Atlanta, Ga. 30327 (US) | ||
| Filed on Sep. 13, 2005, as Appl. No. 11/225,219. | ||
| Application 11/225219 is a continuation of application No. 09/625702, filed on Jul. 25, 2000, granted, now 6,947,904, filed on Sep. 20, 2005. | ||
| Claims priority of provisional application 60/168331, filed on Dec. 01, 1999. | ||
| Claims priority of provisional application 60/146532, filed on Jul. 30, 1999. | ||
| Prior Publication US 2006/0010061 A1, Jan. 12, 2006 | ||
| Int. Cl. G06Q 40/00 (2006.01) | ||
| U.S. Cl. 705—35 [705/4; 705/7; 705/36 R] | 5 Claims |
| 1. A computer usable medium having a computer readable program code embodied therein by a processor to perform a method comprising:
(a) receiving a plurality of user inputs comprising an initial value of a portfolio and a current age of an 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.
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