Jeffrey M Lewis

Address:

18 Cornell Ave, Yonkers, NY 10705

Phone:

9143770038

VIN:

WBAVC73507KP35585

Make:

BMW

Model:

3 SERIES

Year:

2007

US Patent:

8145509, Mar 27, 2012

Filed:

Oct 15, 2009

Appl. No.:

12/579685

Inventors:

Jeffrey S. Lange - New York NY, US
Jeffrey M. Lewis - New York NY, US

Assignee:

Guggenheim Partners, LLC - New York NY

International Classification:

G06Q 40/00
G06Q 10/00
G06Q 50/00

US Classification:

705 4, 705 2, 705 3, 705 36 R

Abstract:

A corporate owned life insurance product with death benefits (COLI-DB) that has no cash value and is minimally funded. The policy holder selects an election to mark to market accounting for life insurance. Thus, the COLI-DB has no cash surrender value. The net present value of the COLI-DB can be more than zero (and quite high) so there is no impact to net income and there may even be net income in the first year. The COLI-DB system may optimize returns by using new accounting rules in contrast to the traditional approach of COLI-CV, and returning death benefits through a captive to increase returns.

US Patent:

8489484, Jul 16, 2013

Filed:

Oct 8, 2008

Appl. No.:

12/287312

Inventors:

Jeffrey Lange - New York NY, US
Jeffrey Lewis - New York NY, US

Assignee:

Guggenheim Partners, LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35

Abstract:

Methods for providing remainder interests with protection to a seller and mitigation of the potential consequences suffered by related financial instruments. The protected remainder interest financial instrument includes submitting a seller to underwriting to accurately determine the seller's remaining life expectancy, and purchasing the protected remainder interest of an illiquid asset from the seller leaving the seller with a life estate. The method includes a client system for displaying information related to the transaction and inputting information related to the seller, illiquid asset, and the buyer. The client system is used to create a request to create the protected remainder interest. A server system accepts the request, stores the information in memory, and creates the protected remainder interest. The server system includes software for linking seller and buyers of protected remainder interests, which include terms of the protected remainder interest such as contingent sale or contingent purchase schedules.

US Patent:

8489485, Jul 16, 2013

Filed:

Oct 8, 2008

Appl. No.:

12/287326

Inventors:

Jeffrey Lange - New York NY, US
Jeffrey Lewis - New York NY, US

Assignee:

Guggenheim Partners, LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 38, 705 35

Abstract:

A method and system for debt-to-asset-value balancing of a reverse mortgage benefiting both the lender and the borrower. Options and mechanisms are provided for equalizing borrower debt balance with appraised fixed assets of the reverse mortgage.

US Patent:

20080172325, Jul 17, 2008

Filed:

Jan 16, 2007

Appl. No.:

11/653451

Inventors:

Jeffrey Scott Lange - New York NY, US
Jeffrey M. Lewis - New York NY, US

International Classification:

G06Q 40/00

US Classification:

705 38

Abstract:

This invention provides systems, methods, and designs for a novel financial product which provides many lifecycle investment advantages compared to existing state of the art products currently available.

US Patent:

20090023488, Jan 22, 2009

Filed:

Jun 11, 2008

Appl. No.:

12/157541

Inventors:

Jeffrey Lewis - New York NY, US

International Classification:

A63F 9/24

US Classification:

463 13

Abstract:

Disclosed are systems and methods for playing a poker-type game having a plurality of players. More specifically, disclosed is a method of playing a Liar's poker-type game that includes simulating the U.S. currency bills normally used in the game and providing a method for betting on same. The game can be played, for example, with real money, using credits, using tournament chips, or using in-game money in a gaming community. The game can be played in a live table environment, over the Internet or using an electronic gaming device (e.g., PDA, Blackberry, cell phone, IPOD, etc.). In the disclosed method, a uniform table wager for each player and a random serial number is generated for each player. A first player places a bid, which includes a value component and a quantity component. Each successive player either bids or challenges and the bidding or challenging in continued until all players have challenged the last made bid. Then the best hand available is determined based on the serial numbers of each of the players. The winner is determined by comparing the last player bid against the best hand available.

US Patent:

20090271223, Oct 29, 2009

Filed:

Mar 27, 2009

Appl. No.:

12/412694

Inventors:

Jeffrey S. Lange - New York NY, US
Jeffrey M. Lewis - New York NY, US

Assignee:

Guggenheim Partners, LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 4, 705 38

Abstract:

A method for creating marginally priced reverse mortgage loans (MPRML) including the steps of identifying a borrower for a MPRML against a property owned by the borrower, determining an aggregate asset value of the property, determining a life expectancy, obtaining consent for a lender to own life insurance on the borrower, and determining whether the borrower can be issued life insurance. If the borrower can obtain life insurance, providing terms relatively better than if the borrower could not. If the borrower cannot obtain life insurance, providing the MPRML at terms relatively better than if the borrower did not apply. The method also determines a principal limit factor which defines a debt portion of a capital structure, determines the capital structure as between debt and equity, tranches the debt capital structure into debt tranches wherein a lowest loan to value tranche has seniority, and assigns each tranche an interest rate.

US Patent:

20090287510, Nov 19, 2009

Filed:

Jun 24, 2008

Appl. No.:

12/214927

Inventors:

Jeffrey Lange - New York NY, US
Jeffrey Lewis - New York NY, US

Assignee:

Guggenheim Partners, LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 4, 705 38, 705 35

Abstract:

A method for efficient first mortgage loans including the steps of identifying suitable borrowers for a marginally priced mortgage loan, determining an aggregate asset value of property owned by the suitable borrowers, determining a capital structure of the marginally priced mortgage loan for the respective property as between debt and equity, tranching the debt capital structure into a plurality of debt tranches, wherein lowest loan to value tranches have seniority over higher loan to value tranches, assigning each tranche an interest rate based upon a plurality of criteria including probability of default, correlation of default, and credit market conditions, creating a structured note which provides legal rights for each such tranche in a bankruptcy remote issuance entity and securitization or sale of such structured notes to investors.

US Patent:

20110082009, Apr 7, 2011

Filed:

Sep 16, 2010

Appl. No.:

12/883814

Inventors:

Richard Ranky - Ridgewood NJ, US
Mark Sivak - Boston MA, US
Jeffrey Lewis - Jersey City NJ, US
Judith Deutsch - Millburn NJ, US
Brian Weinberg - San Diego CA, US
Constantinos Mavroidis - Arlington MA, US

International Classification:

A63B 71/00

US Classification:

482 8

Abstract:

A mechatronic exercise system, e.g., for rehabilitation, having instrumented handle and pedal systems and, preferably, an interactive virtual environment is disclosed. Alternatively, the instrumented handle and pedal systems are part of a virtual reality augmenting kit that can convert most types of exercise equipment, such as a stationary or exercise bicycle, ergometer, rowing machine or the like, into full virtual reality (VR) smart systems. In another embodiment, the instrumented handle and pedal systems can each be used separately with other types of devices. In a preferred embodiment, components embedded with sensors are implemented, e.g., on a stationary, exercise bicycle to monitor physiological and biomechanical parameters of the user. Signal data from the sensing components is used to immerse the user in a VR simulation so as to provide the user with visual, auditory, and haptic feedback to the user's performance.