This inventor holds 1 USPTO granted patent and 1 published patent application. Top assignee: Genworth Financial, Inc.. Active years: 2013.
Company Filing History:
Years Active: 2013
Title: The Innovative Contributions of Joel A. Prough
Introduction
Joel A. Prough is an accomplished inventor based in Harvard, MA (US). He has made significant contributions to the field of annuities through his innovative patent. His work focuses on providing a unique structure for annuities that enhances flexibility for users.
Latest Patents
Joel A. Prough holds a patent titled "System and process for providing multiple income start dates for annuities." This invention presents a method for creating an annuity structure that includes both a base portion segment and a secondary portion segment. Each segment operates as its own functional annuity, allowing for a more versatile approach to annuity contracts. The base and secondary segments are included under a single contract, providing a streamlined solution for annuity processing.
Career Highlights
Joel A. Prough is currently associated with Genworth Financial, Inc., where he applies his expertise in financial products. His innovative approach to annuities has positioned him as a valuable asset in the financial services industry.
Collaborations
Throughout his career, Joel has collaborated with notable colleagues, including Geoffrey S. Stiff and Holly R. Snyder. These partnerships have contributed to the development of innovative financial solutions.
Conclusion
Joel A. Prough's contributions to the field of annuities through his patent demonstrate his commitment to innovation in financial services. His work continues to influence the way annuities are structured and processed, providing greater flexibility for consumers.