Patents Assigned to Westport Management Services, Inc.
  • Method of computerized administration of a life insurance plan using computerized administration supervisory system
    Patent number: 5429506
    Abstract: A system and method which links a premium paying corporate life insurance plan with a voluntary employee group life plan. The system and process manage a split of premiums of a single life insurance policy between an employer and an employee in such a way as to provide an employee with a designated death benefit but also to allow the employer to invest funds in the cash value of the single life insurance contract to fund the group life benefit.
    Type: Grant
    Filed: April 5, 1993
    Date of Patent: July 4, 1995
    Assignee: Westport Management Services, Inc.
    Inventors: John T. Brophy, Arthur C. Eddy, V. Ann Lyndon