Company Filing History:
Years Active: 2008-2011
Title: Gordon Boronow: Innovator in Annuity Payment Systems
Introduction
Gordon Boronow is a notable inventor based in Trumbull, CT (US). He has made significant contributions to the field of financial technology, particularly in the area of annuity payments. With a total of 2 patents to his name, Boronow's work focuses on stabilizing annuity payments and managing investments effectively.
Latest Patents
Boronow's latest patents include a system, method, and computer program product designed for providing stabilized annuity payments and controlling investments in a variable annuity. This innovative system comprises a processor, a memory, and a computer program stored in the memory. The program allocates the risks associated with investments to potential beneficiaries of the annuitant by managing the allocation of assets between two investment pools. The annuitant pool is the basis for annuity payments, while the beneficiary pool contains assets designated for beneficiaries upon the annuitant's death. This structure helps to cushion the annuitant pool from fluctuations in value. If the underlying investments perform poorly, assets from the beneficiary pool are reallocated to maintain existing annuity payments. Conversely, if the investments perform favorably, excess amounts above a set trigger level are periodically transferred to the annuitant pool.
Career Highlights
Gordon Boronow is currently associated with The Prudential Insurance Company of America, where he continues to innovate in the financial sector. His work has been instrumental in developing systems that enhance the stability and predictability of annuity payments for clients.
Collaborations
Throughout his career, Boronow has collaborated with notable professionals, including Robert Arena and Robert J Schwartz. These collaborations have contributed to the advancement of his innovative projects and the successful implementation of his patented technologies.
Conclusion
Gordon Boronow's contributions to the field of annuity payments and investment management demonstrate his commitment to innovation and excellence. His patents reflect a deep understanding of financial systems and a dedication to improving the lives of annuitants.