The Prudential Insurance Company of America

Robert Alan Fishbein

Robert Francis O'Donnell

N David Kuperstock

Jacob M Herschler

Steven Lee Putterman

Robert J Schwartz

Daniel O Kane

Dain Eric Runestad

Fiona Alexandra Jackman-Ward

Malcolm A Cheung

Marc Joseph Buzzelli

Gary E Phifer, Iii

Polly Rae

Christopher Patrick Shecklev

According to one embodiment of the invention, a benefits contract includes an agreement to provide a plurality of benefits for at least one person. The agreement provides for an account including a plurality of units. Each unit is associated with multiple benefits. For example each unit may be associated with multiple benefits such as life insurance, health insurance, supplemental health insurance, long-term care insurance, short-term disability insurance, long-term disability insurance, prescription drug insurance, a plurality of income payments, a withdrawal benefit, an annuity, a property and casualty benefit, or other similar benefits. The agreement is such that a person associated with the benefits contract may choose to exercise a particular unit, or fraction thereof, to receive only one of the three or more benefits; and such that the benefits account (or plurality of units) may be purchased tax-free using funds from a tax-deferred retirement account.

Benefits contract providing a bundle of benefits

A method for providing a financial instrument includes determining an initial account balance associated with a financial instrument based upon an initial deposit amount, wherein the financial instrument includes an account with an account balance that changes over time. The method further includes establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum growth rate for a defined period of time or until one or more defined events occur, whichever is sooner; and establishing a second guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a designated party, wherein the amount comprises a percentage of the protected value at the time of a particular event, provided that the amount may vary based upon withdrawals from the account in excess of a first particular limit.

Financial instrument providing a guaranteed growth rate and a guarantee of lifetime payments

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Tenafly, NJ, United States of America

Robert Alan Fishbein