System and method for providing a financial instrument utilizing a liability ratio

US7895109B2 · 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: Feb 22, 2011
• Expiry date: May 15, 2028

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q99/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account, calculating a liability ratio for the financial account, and determining whether to transfer at least a portion of the account balance from a variable sub-account to a low-risk sub-account based on the liability ratio.