Financial instrument utilizing an optional benefit election

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8266035
APP PUB NO 20110145170A1
SERIAL NO

13035003

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A data processing system for managing an annuity account associated with a first provision entitling a beneficiary to monetary transfers for a duration of time extending for the life of a first designated party and a second provision granting an option to modify the duration of time. The data processing system includes one or more processors and one or more memory devices storing logic. The logic is operable when executed by the one or more processors to determine whether an option has been elected and, based at least in part on the determination, process one or more monetary transfers to the beneficiary.

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Patent Owner(s)

Patent OwnerAddress
EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA8525 E ORCHARD RD 2T3 GREENWOOD VILLAGE CO 80111

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Carlson, Peter C East Granby, US 6 115
Foley, Mark J Simsbury, US 26 2731
Walder, Brent W Ellington, US 5 38

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