The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Sep. 20, 2022
Filed:
Oct. 27, 2011
Keith E. Golembiewski, Suffield, CT (US);
Kevin W. Stange, Simsbury, CT (US);
Christopher B. Abreu, Farmington, CT (US);
Keith E. Golembiewski, Suffield, CT (US);
Kevin W. Stange, Simsbury, CT (US);
Christopher B. Abreu, Farmington, CT (US);
TALCOTT RESOLUTION LIFE INSURANCE COMPANY, Windsor, CT (US);
Abstract
Disclosed herein are a computer system, computer-implemented methods, and related technologies that may be used for administering a customizable annuity product. The customizable annuity product has a number of investment sleeves, each of which is tied to an index such as a mutual fund or a stock index. For each investment sleeve, the annuity purchaser can choose the index to which the account is tied, though funds from the annuity product are not actually invested in the indices. During the accumulation phase of a customizable annuity product, the account value for the product may increase (or, potentially, decrease) in proportion with the performance of the indices to which the investment sleeves are tied. The disclosed computer system, computer-implemented methods, and related technologies may be used by an insurance company or other financial institution to administer the customizable annuity product and communicate with the purchasers of customizable annuity product.