System and process for providing multiple income start dates for annuities

1. A method, implemented on a computational device, for issuing an annuity structure having a base portion segment and at least one secondary portion segment, the method comprising:

generating, by the computational device, an annuity structure comprising:

a base portion segment, where the base portion segment is a functional annuity having a first annuity schedule; and

a secondary portion segment, where the secondary portion segment is a functional annuity having a second annuity schedule;

where the base portion segment and the secondary portion segment each operate as its own annuity;

the base portion segment and the secondary portion segment being each included in a single contract; and

issuing, by the computational device, the annuity structure to an annuity holder; and

the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segment, and

the annuity structure having an annuity commencement date of the secondary portion segment under the contract, the annuity commencement date of the secondary portion segment being different than the annuity commencement date of the base portion segment; and

the base portion segment constituted by an accumulation period followed by a payout period, and

the secondary portion segment constituted by and accumulation period followed by a payout period.

2. The annuity structure of claim 1 , where the annuity structure comprises a plurality of secondary portion segments, where:

each of the plurality of secondary portion segment is a functional annuity having a separate annuity schedule; and

each of the plurality of secondary portion segments operates as its own annuity, each of the plurality of secondary portion segments being included in the contract.

3. The annuity structure of claim 1 , wherein the secondary portion segment has a portion exercise income date that is independent of the annuity commencement date for the annuity structure.

4. The annuity structure of claim 1 , where funds are transferred between the base portion segment and the secondary portion segment.

5. The annuity structure of claim 2 , further including a plurality of base portion segments, and where funds are transferred between a first one of the plurality of base portion segments and a second one of the plurality of base portion segments.

6. A method, implemented on a computational device, for issuing an annuity structure having a base portion segment and at least one secondary portion segment the method comprising:

generating, by the computational device, an annuity structure comprising:

a base portion segment, where the base portion segment is a functional annuity having a rust annuity schedule; and

a plurality of secondary portion segments, where each of the plurality of secondary portion segments is a functional annuity having a separate annuity schedule; and

where the base portion segment and each of the plurality of secondary portion segments operates as its own annuity;

the base portion segment and each of the plurality of secondary portion segments is included under a single contract;

the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segments, and

the annuity structure having a respective annuity commencement date for each of the secondary portion segments under the contract, the annuity commencement dales for each of the secondary portion segments being different than the annuity commencement date of the base portion segment;

each of the plurality of secondary portion segments have a portion exercise income date that is independent of the annuity commencement dates for the annuity structure; and issuing, by the computational device, the annuity structure to an annuity holder; and the base portion segment constituted by an accumulation period followed by a payout period, and

the secondary portions segment constituted by an accumulation period followed by a payout period.

7. The method of claim 1 , further including implementing the annuity structure as a guaranteed income rider.

8. A process, implemented on a computational device, for issuing an annuity structure having a base portion segment and at least one secondary portion segment, the process comprising the steps of:

receiving, by the computational device, a request for the annuity structure, where the request includes financial requirements for the annuity structure;

determining, by the computational device, an annuity schedule for each of the base portion segment and at least one secondary portion segment;

creating, by the computational device, the annuity structure based on the determined annuity schedules; and

issuing, by the computational device, the annuity structure to an annuity holder; and

wherein the base portion segment and at least one secondary portion segment are all included under a single contract; and

the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segment, and

the annuity structure having an annuity commencement date of the secondary portion segment under the contract, the annuity commencement date of the secondary portion segment being different than the annuity commencement date of the base portion segment; and

the base portion segment constituted by and accumulation period followed by a payout period, and

the secondary portion segment constituted by and accumulation period followed by a payout period.

9. The process according to claim 8 , further comprising the step of receiving an initial payment prior to the issuance of the annuity.

10. The process according to claim 8 , further comprising the step of receiving a plurality of payments subsequent to the issuance of the annuity, where the payments are received based on the determined annuity schedules.

11. The process according to claim 8 , further comprising the step of making a plurality of payments to the annuity bolder subsequent to the issuance of the annuity, where the payments are made based on the determined annuity schedules.

12. The process according to claim 8 , where the annuity structure has an annuity commencement date based on the annuity schedule for the base portion segment.

13. The process according to claim 12 , where the secondary portion segment has a portion exercise income date that is independent of the annuity commencement date for the annuity structure.

14. The process for issuing an annuity of claim 8 , wherein: the base portion segment has a first income start date; and the secondary portion segment has a second income start date, the first income start date being different than the second income start date.

15. A computer readable medium, implemented on a computational device, having code for causing a process, performed by the computational device, to issue an annuity structure having a base portion segment and at least one secondary portion segment, the computer readable medium comprising:

code, implemented by the computational device, that receives a request for the annuity structure, where the request includes financial requirements for the annuity structure;

code, implemented by the computational device, that determines the annuity schedule for each of the base portion segment and at least one secondary portion segment;

code, implemented by the computational device, that creates the annuity structure based on the determined annuity schedules; and

code, implemented by the computational device, that issues the annuity structure to an annuity holder, and

wherein the base portion segment and at least one secondary portion segment are all included in a single contract; and

the annuity structure has an annuity commencement date of the base portion segment under the contract, the annuity commencement date of the base portion segment effecting cash flow of both the base portion segment and the secondary portion segment, and

the annuity structure having an annuity commencement date of the secondary portion segment under the contract, the annuity commencement date of the secondary portion segment being different than the annuity commencement date of the base portion segment; and

the base portion segment constituted by and accumulation period followed by a payout period, and

the secondary portion segment constituted by an accumulation period followed by a payout period.

16. The computer readable medium according to claim 15 , further comprising code, implemented by the computational device, that receives an initial payment prior to the issuance of the annuity.

17. The computer readable medium according to claim 15 , further comprising code, implemented by the computational device, that receives a plurality of payments subsequent to the issuance of the annuity, where the payments are received based on the determined annuity schedules.

18. The computer readable medium according to claim 15 , further comprising code, implemented by the computational device, that makes a plurality of payments to the annuity holder subsequent to the issuance of the annuity, where the payments are made based on the determined annuity schedules.

19. The computer readable medium according to claim 15 , where the annuity structure has an annuity commencement date based on the annuity schedule for the base portion segment.

20. The computer readable medium according to claim 19 , where the secondary portion segment has a portion exercise income date that is independent of the annuity commencement dates for the annuity structure.