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:
Mar. 15, 2011
Filed:
Jan. 10, 2006
Applicant:
John F. Bevacqua, Jr., West Hartford, CT (US);
Inventor:
John F. Bevacqua, Jr., West Hartford, CT (US);
Assignee:
Deloitte Development LLC, Hermitage, TN (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2006.01);
U.S. Cl.
CPC ...
Abstract
A system and method and a financial income protection product are provided for enabling individuals who are approaching or are in retirement to ensure future sources of income with a reduced initial monetary outlay than conventional income protection products such as, for example, annuities. Income benefits are provided to the individuals only when they need it, i.e., either when market returns have not kept pace with expectations and/or when the individuals have lived beyond the point in time at which their expected wealth expires.