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:
Jul. 05, 2011
Filed:
Jul. 09, 2008
Robert Arena, Farmington, CT (US);
Robert Schwartz, West Granby, CT (US);
N. David Kuperstock, Woodbridge, CT (US);
Robert O'donnell, Harwinton, CT (US);
Gordon Boronow, Trumbull, CT (US);
Robert Arena, Farmington, CT (US);
Robert Schwartz, West Granby, CT (US);
N. David Kuperstock, Woodbridge, CT (US);
Robert O'Donnell, Harwinton, CT (US);
Gordon Boronow, Trumbull, CT (US);
The Prudential Insurance Company of America, Newark, NJ (US);
Abstract
A system for providing stabilized annuity payments, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program allocates the risks associated with an investment to the potential beneficiaries of the annuitant by controlling the allocation of assets between two investment pools. The annuitant pool is the pool on which annuity payments are based and the beneficiary pool contains assets that are provided to the beneficiaries upon the death of the annuitant. The beneficiary pool is used as a cushion to isolate the contents of the annuitant pool from fluctuations in value. If the underlying investments perform poorly, assets from the beneficiary pool are reallocated to the annuity pool in order to maintain the existing annuity payment. If the underlying investments perform favorably, increasing in value, excess amounts above a set trigger level amount will be periodically transferred to the annuitant pool.