SYSTEMS AND METHODS FOR PROVIDING AN ASSET ALLOCATION WHOLE LIFE INSURANCE OPTION WITH A PREMIUM FUNDING VEHICLE

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20120209629A1
SERIAL NO

13025043

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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The present invention provides methods, computer media and systems for providing a hybrid life insurance and non-life insurance investment product for an individual. Embodiments of the methods, computer media and systems include obtaining an initial investment amount for an investment product comprising a life insurance investment component and a non-life insurance investment component and a face amount of the life insurance investment component, calculating a premium payment amount for the life insurance investment component, determining a payment schedule for the premium payment amount, allocating a portion of the initial investment amount to the life insurance investment component and allocating a portion of the initial investment amount to the non-life insurance investment component, and presenting, based at least in part on the allocations of the initial investment amount to the life insurance investment component and to the non-life insurance investment component, the premium payment amount and the payment schedule, the life insurance investment component and the non-life insurance investment component as a combined investment product for an individual in a singular transaction.

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First Claim

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Patent Owner(s)

Patent OwnerAddress
NEW YORK LIFE INSURANCE COMPANY51 MADISON AVENUE NEW YORK NY 10010

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Gordon, Michael J New York, US 22 155
McClung, Paul C New York, US 1 10
Richter, Michelle O Stamford, US 1 10

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