System and method for providing a financial instrument with an asset transfer feature

US11295387B2 · kind B2 · utility

Assignee

• The Prudential Insurance Company of America · US

Inventors

• Jacob M. Herschler · Southport, US
• Daniel O. Kane · Florham Park, US
• N. David Kuperstock · Woodbridge, US
• Robert O'Donnell · Harwinton, US
• Steven Lee Putterman · Town of West Hartford, US
• Dain Eric Runestad · Woodbridge, US
• Robert Schwartz · West Granby, US
• Nicholas Berardis, Jr. · Middlebury, US
• John L. Grucza · Southington, US
• Michael Albert Guido · Southbury, US
• J. Scott Dunn · Rocky Hill, US

Key dates

• Filing date: Feb 6, 2007
• Grant date: Apr 5, 2022
• Expiry date: Jan 18, 2029

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

One embodiment of the invention is a method for providing a financial instrument that includes determining an initial account balance associated with a financial instrument, establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum positive growth rate, establishing a second guarantee that a beneficiary may receive a transfer of an amount of money, and establishing an agreement to allow at least a portion of the account balance to be transferred from one or more selected investments to one or more alternative investments in response to a triggering event.