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:
Nov. 09, 2010
Filed:
Apr. 14, 2006
Robert Francis O'donnell, Harwinton, CT (US);
Marc Joseph Buzzelli, Flanders, NJ (US);
Robert Alan Fishbein, Tenafly, NJ (US);
Jacob M. Herschler, Southport, CT (US);
Fiona Alexandra Jackman-ward, Milford, CT (US);
Daniel O. Kane, Florham Park, NJ (US);
N. David Kuperstock, Woodbridge, CT (US);
Gary E. Phifer, Iii, Princeton, NJ (US);
Steven Lee Putterman, West Hartford, CT (US);
Polly Rae, Trumbull, CT (US);
Dain Eric Runestad, Woodbridge, CT (US);
Robert J. Schwartz, West Granby, CT (US);
Christopher Patrick Shecklev, Branford, CT (US);
Robert Francis O'Donnell, Harwinton, CT (US);
Marc Joseph Buzzelli, Flanders, NJ (US);
Robert Alan Fishbein, Tenafly, NJ (US);
Jacob M. Herschler, Southport, CT (US);
Fiona Alexandra Jackman-Ward, Milford, CT (US);
Daniel O. Kane, Florham Park, NJ (US);
N. David Kuperstock, Woodbridge, CT (US);
Gary E. Phifer, III, Princeton, NJ (US);
Steven Lee Putterman, West Hartford, CT (US);
Polly Rae, Trumbull, CT (US);
Dain Eric Runestad, Woodbridge, CT (US);
Robert J. Schwartz, West Granby, CT (US);
Christopher Patrick Shecklev, Branford, CT (US);
Prudential Insurance Company of America, Newark, NJ (US);
Abstract
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.