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:
Feb. 18, 2014
Filed:
Jul. 12, 2006
Malcolm A. Cheung, Randolph, NJ (US);
Robert A. Fishbein, Tenafly, NJ (US);
Jacob M. Herschler, Southport, CT (US);
N. David Kuperstock, Woodbridge, CT (US);
Robert F. O'donnell, Harwinton, CT (US);
Steven L. Putterman, West Hartford, CT (US);
Malcolm A. Cheung, Randolph, NJ (US);
Robert A. Fishbein, Tenafly, NJ (US);
Jacob M. Herschler, Southport, CT (US);
N. David Kuperstock, Woodbridge, CT (US);
Robert F. O'Donnell, Harwinton, CT (US);
Steven L. Putterman, West Hartford, CT (US);
The Prudential Insurance Company of America, Newark, NJ (US);
Abstract
According to one embodiment of the invention, a benefits contract includes an agreement to provide a plurality of benefits for at least one person. The agreement provides for an account including a plurality of units. Each unit is associated with multiple benefits. For example each unit may be associated with multiple benefits such as life insurance, health insurance, supplemental health insurance, long-term care insurance, short-term disability insurance, long-term disability insurance, prescription drug insurance, a plurality of income payments, a withdrawal benefit, an annuity, a property and casualty benefit, or other similar benefits. The agreement is such that a person associated with the benefits contract may choose to exercise a particular unit, or fraction thereof, to receive only one of the three or more benefits; and such that the benefits account (or plurality of units) may be purchased tax-free using funds from a tax-deferred retirement account.