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:
Jun. 03, 2014
Filed:
Aug. 25, 2005
Alex Cowley, Ridgefield, CT (US);
Craig Sabal, New York, NY (US);
Dmitry Noraev, New Providence, NJ (US);
Doug Mcbeth, Guttenberg, NY (US);
Llewellyn C. Connolly, Leesburg, VA (US);
Martin Klein, Far Hills, NJ (US);
Pradip Ghosh, New York, NY (US);
Russ Hackman, Larchmont, NY (US);
Alex Cowley, Ridgefield, CT (US);
Craig Sabal, New York, NY (US);
Dmitry Noraev, New Providence, NJ (US);
Doug McBeth, Guttenberg, NY (US);
Llewellyn C. Connolly, Leesburg, VA (US);
Martin Klein, Far Hills, NJ (US);
Pradip Ghosh, New York, NY (US);
Russ Hackman, Larchmont, NY (US);
Barclays Capital Inc., New York, NY (US);
Abstract
In one aspect, the invention comprises computer processors operable to identify a block of idealized policies, computer processors operable to calculate risk related to the block of idealized policies based on specified actuarial assumptions; and computer processors operable to provide a customized option designed to pay guaranteed minimum withdrawal benefits on the block of idealized policies; wherein the block of idealized policies is designed to replicate a current policy mix of an insurance company. In another aspect, the invention comprises computer processors operable to identify a block of idealized policies, computer processors operable to calculate risk related to the block of idealized policies based on specified actuarial assumptions; and computer processors operable to provide a reinsurance contract designed to pay guaranteed minimum death benefits on the block of idealized policies; wherein the block of idealized policies is designed to replicate a current policy mix of an insurance company.