Company Filing History:
Years Active: 2010-2022
Title: The Innovative Mind of Steven Lee Putterman
Introduction
Steven Lee Putterman, a prominent inventor based in West Hartford, Connecticut, has made significant contributions to the field of financial instruments and benefits contracts. With a total of six patents to his name, Putterman has demonstrated a profound understanding of complex financial systems and the ability to innovate within this space.
Latest Patents
Putterman's latest inventions showcase his expertise in developing practical solutions in the financial sector. One of his most notable patents is a system and method for providing a financial instrument with an asset transfer feature. This invention details a method for creating a financial instrument where an initial account balance is determined, guarantees are established for a protected value, and mechanisms are put in place for transferring funds between investments upon a triggering event. This innovative approach aims to enhance the security and flexibility of financial instruments.
Another significant patent by Putterman is a benefits contract providing a bundle of benefits. This contract includes an agreement to offer multiple benefits, such as life insurance, health insurance, and supplementary income payments, organized into units that can be customized by the policyholder. This allows individuals to select specific benefits while utilizing funds from tax-deferred retirement accounts, showcasing the versatility and forward-thinking nature of his inventions.
Career Highlights
Putterman has established himself within the financial industry by working at The Prudential Insurance Company of America. His role at this esteemed institution has provided him with a platform to apply his innovative ideas and concepts, contributing to the development of financial products that better serve consumers.
Collaborations
Throughout his career, Putterman has collaborated with fellow innovators such as Jacob M. Herschler and N. David Kuperstock. These partnerships have allowed Putterman to enhance his inventions and broaden the impact of his work within the financial sector.
Conclusion
In summary, Steven Lee Putterman is an influential inventor whose contributions to the field of financial instruments and benefits contracts are paving the way for more secure and adaptable financial solutions. With his innovative spirit and collaborative efforts, he continues to make strides that benefit both the industry and consumers alike.