This inventor holds 2 USPTO granted patents. Top assignee: Fdi/genesis. Active years: 2000-2002.
Company Filing History:
Years Active: 2000-2002
Title: Melvin George Todd: Innovator in Life Insurance and Annuity Management
Introduction
Melvin George Todd is a notable inventor based in Dallas, TX (US). He has made significant contributions to the field of life insurance and annuity management through his innovative patents. With a total of 2 patents, Todd has developed systems that enhance the analysis and management of life insurance policies and annuity contracts.
Latest Patents
Todd's latest patents include a "System for analyzing and managing equity participation life insurance and annuity contracts." This system is designed to manage a variety of specified life insurance policies and annuity contracts on behalf of insurance carriers. The system's functionality is based on stock market performance, where the account value increase is determined as a percentage of a stock market index's performance, with established caps and floors. The percentage is adjusted according to the yield on fixed-rate assets. Additionally, the system effectively manages the increased risk associated with stock market participation by periodically monitoring assets and liabilities. It determines the purchase and sale of stock options and other hedging instruments to mitigate risks. Furthermore, it provides cash and profit determinations from the life insurance policies and annuity contracts.
Another significant patent is the "System for managing hedged investments for life insurance companies." Similar to his previous patent, this system analyzes and manages specified life insurance policies and annuity contracts. It also relies on stock market performance to determine account value increases, with the same mechanisms for risk management and profit determination.
Career Highlights
Melvin George Todd is associated with FDI/Genesis, where he applies his expertise in developing innovative solutions for the insurance industry. His work focuses on creating systems that enhance the financial stability and risk management capabilities of life insurance companies.
Collaborations
Todd has collaborated with notable colleagues, including Richard C. Payne and Richard Wallace Mann. Their combined efforts contribute to the advancement of technology in the insurance sector.
Conclusion
Melvin George Todd's contributions to the field of life insurance and annuity management through his innovative patents demonstrate his commitment to enhancing financial products. His work continues to influence the industry, providing valuable tools for insurance carriers.