Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance
Patent
1998-10-22
2000-12-12
MacDonald, Allen R.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Insurance
705 35, 705 36, 705 1, G06F 1760
Patent
active
061610968
ABSTRACT:
A method and apparatus for deferred award instrument plan by identifying at least one participant in the deferred award plan, retrieving financial data related to stock options corresponding to the identified participant, computing a spread associated with the retrieved stock options, establishing a rabbi trust with the spread, determining whether a life insurance policy has been purchased by the participant, determining whether a split dollar agreement has been executed, monitoring and paying at least one premium for the life insurance policy and notifying the participants that a payment associated with the life insurance policy has been paid.
REFERENCES:
patent: 3634669 (1972-01-01), Soumas et al.
patent: 4648037 (1987-03-01), Valentino
patent: 4837693 (1989-06-01), Schotz
patent: 5191522 (1993-03-01), Bosco et al.
patent: 5233514 (1993-08-01), Ayyoubi et al.
patent: 5429506 (1995-07-01), Brophy et al.
patent: 5590037 (1996-12-01), Ryan et al.
patent: 5631828 (1997-05-01), Hagan
patent: 5761441 (1998-06-01), Bennett
patent: 5966693 (1999-10-01), Burgess
patent: 5999917 (1999-12-01), Facciani et al.
Goldstein, Michael G., Drennan, William A.; Financing a SERP and Split Dollar Plan with a Single Policy; Journal of the American Society of CLU & ChFC; v51n1 pp. 34-43, Jan. 1997.
Bell, L. `Benefit of Clout: Combining equity split-dollar insurance with other little-used financial planning tools`, Financial Planning, Nov. 1999, file 16: Gale Group PROMT .RTM. Dialog Access # 06909697.
Bell, L. `Valuation of Buy-Sell Agreements Under Chap 14 of the Internal Revenue Code`, Journal of the Amer. Society of CLU & Chfc, v46, n5, pp. 48-53, Sep. 1992. File 15: ABI/Inform.RTM. Dialog # 00631791.
Goldstein, M.G., `Adding split-dollar to deferred comp. plans`, Drennan, W.A., National Underwriter (Life/Health/Financial Services), v102, n9, pp. 7 (22). File 15: ABI/Inform.RTM. Dialog Access #01589870.
Tourmey, D., `Compensation & Benefits Review`, Compensation & Bennefits Review, v28, n4, p. 21-30, Jul./Aug. 1996. File 15: ABI/Inform.RTM. Dialog Accession # 01298520.
MacDonald Allen R.
Teitelbaum Anne
LandOfFree
Method and apparatus for modeling and executing deferred award i does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method and apparatus for modeling and executing deferred award i, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and apparatus for modeling and executing deferred award i will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-226094