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. 04, 2014
Filed:
Dec. 10, 2010
Michael J. Roscoe, South Windsor, CT (US);
Paul M. Fischer, South Windsor, CT (US);
Shawn Hilario, West Hartford, CT (US);
Stephen A. Roche, Simsbury, CT (US);
Michael J. Roscoe, South Windsor, CT (US);
Paul M. Fischer, South Windsor, CT (US);
Shawn Hilario, West Hartford, CT (US);
Stephen A. Roche, Simsbury, CT (US);
The Prudential Insurance Company of America, Newark, NJ (US);
Abstract
A computer system for administering a life insurance policy is configured to, responsive to receipt of certification that the insured has either loss of ability to perform two activities of daily living or cognitive impairment, provide instructions to pay an owner of the policy, in periodic payments, an accelerated benefit, the accelerated benefit being in an amount less than the death benefit, a first of the periodic payments being for a time period commencing on a date of receipt of the certification, and continuing until the insured no longer has the loss of ability to perform two activities of daily living or cognitive impairment. The system is further configured to, responsive to each of the periodic payments, determine a reduction of the amount of the death benefit by an amount of each of the periodic payments.