System and method for providing income via retirement income certificates

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20070239583A1
SERIAL NO

11397850

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A system and method for providing at least one participant with at least a predefined, periodic income payment. The method comprises the step of designating at least one income-generating fund to generate distributable income. Next, the method comprises the step of issuing at least one self-liquidating and transferable denominated security in the at least one income-generating fund to at least one participant, the at least one transferable denominated security being denominated in units of periodic income. The method may also comprise the step of distributing at least one unit of the distributable income to the at least one participant according to respective particulars of the at least one transferable denominated security, wherein the at least one unit of distributable income comprises a floor portion and, if the at least one income-generating fund over-performs, an additional income portion.

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Patent Owner(s)

Patent OwnerAddress
MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY1295 STATE STREET SPRINGFIELD MA 01111-0001

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Williams, John Spencer Sturbridge, MA 3 30

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