This inventor holds 2 USPTO granted patents. Top assignee: Fdi/genesis. Active years: 2000-2002.
Company Filing History:
Years Active: 2000-2002
Title: Richard Wallace Mann: Innovator in Life Insurance and Annuity Management
Introduction
Richard Wallace Mann is a notable inventor based in Dallas, TX (US). He has made significant contributions to the field of life insurance and annuity management, holding a total of 2 patents. His innovative systems are designed to analyze and manage equity participation in life insurance policies and annuity contracts.
Latest Patents
Mann's latest patents include a "System for analyzing and managing equity participation life insurance and annuity contracts." This system allows for the management of multiple life insurance policies and annuity contracts on behalf of an insurance carrier. The performance of these contracts is linked to stock market performance, with account value increases determined as a percentage of a stock market index, subject to set 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, determining the purchase and sale of stock options, and utilizing other hedging instruments. The system further 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 invention, this system analyzes and manages specified life insurance policies and annuity contracts, linking their performance to stock market indices. It also incorporates risk management strategies and provides financial determinations related to these contracts.
Career Highlights
Richard Wallace Mann is associated with FDI/Genesis, where he applies his expertise in developing innovative solutions for the insurance industry. His work focuses on enhancing the management of life insurance and annuity products, ensuring that they are effectively aligned with market performance.
Collaborations
Mann has collaborated with notable colleagues, including Richard C. Payne and Melvin George Todd. Their combined efforts contribute to the advancement of innovative solutions in the insurance sector.
Conclusion
Richard Wallace Mann's contributions to the field of life insurance and annuity management through his patented systems demonstrate his commitment to innovation. His work not only enhances the management of insurance products but also addresses the complexities of market performance.