This inventor holds 2 USPTO granted patents. Top assignee: Fdi/genesis. Active years: 2000-2002.
Company Filing History:
Years Active: 2000-2002
Title: Innovations by John Anthony Stracka
Introduction
John Anthony Stracka is an accomplished inventor based in Macfarland, WI (US). He has made significant contributions to the field of life insurance and annuity contracts through his innovative systems. With a total of 2 patents, Stracka has developed solutions that enhance the management of financial products tied to stock market performance.
Latest Patents
Stracka's latest patents include a "System for analyzing and managing equity participation life insurance and annuity contracts." This system allows insurance carriers to manage a variety of life insurance policies and annuity contracts that are influenced by stock market performance. The account value increase is determined as a percentage of a stock market index's performance, with established caps and floors. The system also adjusts the percentage based on the yield of fixed-rate assets. Additionally, it manages the risks associated with stock market participation by monitoring assets and liabilities, facilitating the purchase and sale of stock options and other hedging instruments. Furthermore, it provides cash and profit determinations from the life insurance policies and annuity contracts.
Another notable patent is the "System for managing hedged investments for life insurance companies." Similar to his previous invention, this system analyzes and manages specified life insurance policies and annuity contracts for insurance carriers. It also relies on stock market performance to determine account value increases and incorporates risk management strategies to protect against market fluctuations.
Career Highlights
Stracka is currently associated with FDI/Genesis, where he continues to innovate in the financial services sector. His work focuses on creating systems that enhance the efficiency and effectiveness of life insurance and annuity management.
Collaborations
Some of his notable coworkers include Richard C. Payne and Richard Wallace Mann. Their collaboration has contributed to the development of advanced systems in the insurance industry.
Conclusion
John Anthony Stracka's innovative patents have significantly impacted the management of life insurance and annuity contracts. His work continues to shape the future of financial products tied to stock market performance.