Alan Hays Treece

Title: Alan Hays Treece: Innovator in Annuity Solutions

Introduction

Alan Hays Treece is a notable inventor based in Plymouth, MN (US). He has made significant contributions to the field of financial technology, particularly in the area of annuities. His innovative approach has led to the development of a unique system that enhances the management of annuity contracts.

Latest Patents

Treece holds a patent for a "System and method for determining and administering an annuity with guaranteed minimum accumulation benefit." This computer-implemented method calculates the value of a benefit for an annuity contract that includes a minimum contract accumulation value provision. The method involves several steps, including determining the current minimum contract accumulation value and the current value of the annuity contract investments. It also calculates a predetermined reset percentage contained in the annuity contract and resets the minimum contract accumulation value based on these calculations. This innovation aims to provide a more reliable and beneficial experience for annuity holders.

Career Highlights

Alan Hays Treece is associated with Ameriprise Financial, Inc., where he applies his expertise in financial solutions. His work focuses on improving the efficiency and effectiveness of annuity products, ensuring that clients receive the best possible outcomes from their investments.

Collaborations

Treece collaborates with talented professionals in his field, including Douglas K. Dunning and Joseph Patrick Heckel. These partnerships enhance the development and implementation of innovative financial solutions.

Conclusion

Alan Hays Treece's contributions to the annuity sector demonstrate his commitment to innovation and excellence. His patent reflects a significant advancement in the management of annuity contracts, benefiting both the industry and consumers.