Computer apparatus and method for illustrating, issuing, and managing disability coverage for retirement plans with individual accounts
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United States of America Patent
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Nov 26, 2013
Grant Date -
N/A
app pub date -
Sep 25, 2007
filing date -
Sep 23, 1997
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system and method for providing insurance protection against loss of contributions to tax favored defined contribution plans should an active employee/participant become disabled. The invention manages the administration of a disability insurance policy held inside the plan that continues contributions to the plan during a period of disability, where the coverage amount for each participant is determined by the level of contributions made by or for each participant.
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Family
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