Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2005-05-17
2005-05-17
Millin, V. (Department: 2164)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S03600T, C705S004000
Reexamination Certificate
active
06895390
ABSTRACT:
The data processing system and method implements an investment account structure establishing and providing an increasing income financial product. Each subscriber invests in a financial contractual product or program. Each subscriber designates at least a primary beneficiary. The primary beneficiary is assigned, along with a number of demographically similar beneficiaries, to a certain contract group. The financial product contract is funded with principal payments, premiums or other contributions paid by subscribers. Income is provided according to the contractual terms or parameters to surviving primary beneficiaries of the same assigned contract group on an increasing, survivorship basis until (a) all the initial primary beneficiaries die; or (b) the contract expires based upon the expiration of pre-established time periods. When the contract expires, the designated secondary beneficiaries receive their pro rata share of the principal from the contract group.
REFERENCES:
patent: 4642768 (1987-02-01), Roberts
patent: 4722055 (1988-01-01), Roberts
patent: 4752877 (1988-06-01), Roberts et al.
patent: 5291398 (1994-03-01), Hagan
patent: 5590037 (1996-12-01), Ryan et al.
patent: 5592379 (1997-01-01), Finfrock et al.
patent: 5631828 (1997-05-01), Hagan
patent: 5754980 (1998-05-01), Anderson et al.
patent: 5802500 (1998-09-01), Ryan et al.
patent: 5864685 (1999-01-01), Hagan
patent: 5893071 (1999-04-01), Cooperstein
patent: 5913198 (1999-06-01), Banks
patent: 5933815 (1999-08-01), Golden
patent: 6061661 (2000-05-01), Hagan
patent: 6330541 (2001-12-01), Meyer et al.
patent: 2002074003 (2002-03-01), None
patent: 2002092335 (2002-03-01), None
Ghouls' Pools, by S. Kichen, Forbes, Mar. 16, 1992, p. 19 (1 pg.).
Duncan, John “Investment pooling vehicles for private trust and banking clients,” Trust Letter, vol. 380, pp. 9-13 (7/97).
Anonymous, “Private investment companies: A new business opportunity for banks,” Trust Letters, vol. 373, pp. 1-3 (12/96).
Sages et al., “Considerations in choosing a common investment alternative,” Trust & Estates, vol. 133, No. 3, pp. 45-53 (3/94).
Campen Kelly
Fleit Kain
Kain, Jr. Robert C.
Millin V.
LandOfFree
System for monitoring increasing income financial products does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System for monitoring increasing income financial products, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System for monitoring increasing income financial products will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-3409608