Douglas K Dunning

Title: Innovations by Douglas K Dunning

Introduction

Douglas K Dunning is an accomplished inventor based in Apple Valley, MN (US). He holds 2 patents that showcase his innovative contributions to the field of financial technology. His work primarily focuses on methods that enhance investment products and annuity contracts.

Latest Patents

One of Dunning's latest patents is titled "Automatic Income Adjustment." This method involves receiving market data related to an investment product that specifies two guaranteed annual withdrawal amounts. The first amount is greater than the second, and the method automatically selects a guaranteed annual withdrawal amount based on an evaluation of the market data. Another significant patent is "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. It involves determining the current minimum contract accumulation value and the current value of the annuity contract investments, among other steps.

Career Highlights

Douglas K Dunning is associated with Ameriprise Financial, Inc., where he applies his expertise in financial products and innovations. His work has significantly impacted the way annuities and investment products are structured and managed.

Collaborations

Dunning has collaborated with notable coworkers such as Lynn Murphy Abbott and Joseph Patrick Heckel, contributing to a dynamic work environment that fosters innovation.

Conclusion

Douglas K Dunning's contributions to financial technology through his patents reflect his commitment to enhancing investment strategies and annuity management. His work continues to influence the industry positively.