Christine M Marcks

US Patent:

20100121778, May 13, 2010

Filed:

Nov 10, 2008

Appl. No.:

12/268296

Inventors:

George A. Castineiras - Farmington CT, US
Christine C. Marcks - Glastonbury CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 36 R, 705 39

Abstract:

One embodiment of the disclosure is a method for providing a secure financial plan that includes allocating all or a portion of a financial contribution to a financial account having a plurality of financial investments, periodically distributing a balance of the financial account such that a first portion of the balance of the financial account is invested in one or more investments from the of the high risk investment category and a second portion of the balance of the financial account is invested in one or more investments from the low risk investment category, such that a ratio of the first portion to the second portion is generally decreased over a period of time. The method further includes determining a base value, calculating a protected value, and an income amount based on the protected value that a beneficiary is guaranteed to receive on a periodic basis.

US Patent:

20100121779, May 13, 2010

Filed:

Nov 10, 2008

Appl. No.:

12/268339

Inventors:

George A. Castineiras - Farmington CT, US
Christine C. Marcks - Glastonbury CT, US
John J. Kalamarides - West Simsbury CT, US

Assignee:

The Prudential Insurance Company of America - Newark NJ

International Classification:

G06Q 40/00

US Classification:

705 36 R

Abstract:

One embodiment of the disclosure is a method, performed by a sponsor offering a financial plan to a customer, for transferring risk associated with a financial plan that includes receiving indemnification from an issuer managing the financial plan, such that the indemnification indemnifies the sponsor of the financial for one or more claims brought by the customer of the financial plan and associated with a financial account, such that the financial account is associated with the financial plan and comprising one or more financial investments. The method further includes generating a notice to the customer, such that the notice notifies the customer of the customer's enrollment in the financial plan unless the customer elects to opt out of one or more features of the financial plan, such that the notice includes an opt-out. The method further includes storing an acknowledgement of the opt-out by the customer.