Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance
Patent
1996-12-19
2000-04-11
Poinvil, Frantzy
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Insurance
G06F 1900
Patent
active
060497726
ABSTRACT:
A system for analyzing and managing a plurality of specified life insurance policies and annuity contracts on behalf of an insurance carrier. The life insurance policies or annuity contracts depend on stock market performance in that the account value increase is determined as a percentage of the performance of a stock market index, with set caps and floors. The percentage is adjusted according to the yield on fixed rate assets. The system manages the increased risk from participation in the stock market by periodically monitoring assets and liabilities and determining the purchase and sale of stock options and other hedging instruments to cover the risks. The system also provides cash and profit determinations from the life insurance policies and annuity contracts.
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Mann Richard Wallace
Payne Richard Christopher
Stracka John Anthony
Todd Melvin George
Verrier Marc Guy
FDI/Genesis
Poinvil Frantzy
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