Patents by Inventor Nikhil A. Advani

Nikhil A. Advani has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • System and method for providing income payments to an investor
    Patent number: 10373254
    Abstract: In at least one embodiment computerized methods and corresponding systems for providing guaranteed income payments to an investor are provided that include the step or steps of: receiving information from the investor representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount; receiving a premium payment from the investor and placing the premium payment into a first investment sleeve; and automatically transferring using at least one computing device, during a waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve, wherein the portion of the premium payment transferred calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount.
    Type: Grant
    Filed: December 24, 2013
    Date of Patent: August 6, 2019
    Assignee: New York Life Insurance Company
    Inventors: Nikhil A. Advani, George E. Silos, Cheryl Ann Reese
  • SYSTEM AND METHOD FOR PROVIDING INCOME PAYMENTS TO AN INVESTOR
    Publication number: 20140317016
    Abstract: In at least one embodiment computerized methods and corresponding systems for providing guaranteed income payments to an investor are provided that include the step or steps of: receiving information from the investor representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount; receiving a premium payment from the investor and placing the premium payment into a first investment sleeve; and automatically transferring using at least one computing device, during a waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve, wherein the portion of the premium payment transferred calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount.
    Type: Application
    Filed: December 24, 2013
    Publication date: October 23, 2014
    Applicant: New York Life Insurance Company
    Inventors: Nikhil A. Advani, George E. Silos, Cheryl Ann Reese
  • System and method for providing income payments to an investor
    Patent number: 8645255
    Abstract: In at least one embodiment computerized methods and corresponding systems for providing guaranteed income payments to an investor are provided that include the step or steps of: receiving information from the investor representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount; receiving a premium payment from the investor and placing the premium payment into a first investment sleeve; and automatically transferring using at least one computing device, during a waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve, wherein the portion of the premium payment transferred calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount.
    Type: Grant
    Filed: November 11, 2012
    Date of Patent: February 4, 2014
    Assignee: New York Life Insurance Company
    Inventors: Nikhil A Advani, George E. Silos, Cheryl Ann Reese
  • System and method for providing income payments to an investor
    Patent number: 8311924
    Abstract: In at least one embodiment computerized methods and corresponding systems for providing guaranteed income payments to an investor are provided that include the step or steps of: receiving information from the investor representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount; receiving a premium payment from the investor and placing the premium payment into a first investment sleeve; and automatically transferring using at least one computing device, during a waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve, wherein the portion of the premium payment transferred calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount.
    Type: Grant
    Filed: March 10, 2011
    Date of Patent: November 13, 2012
    Assignee: New York Life Insurance Company
    Inventors: Nikhil A. Advani, George E. Silos, Cheryl Ann Reese
  • SYSTEM AND METHOD FOR PROVIDING INCOME PAYMENTS TO AN INVESTOR
    Publication number: 20120233088
    Abstract: In at least one embodiment computerized methods and corresponding systems for providing guaranteed income payments to an investor are provided that include the step or steps of: receiving information from the investor representing at least a current age of the investor, a desired income start date, a desired income payment amount, and a premium payment amount; receiving a premium payment from the investor and placing the premium payment into a first investment sleeve; and automatically transferring using at least one computing device, during a waiting period and according to a predefined event, a portion of the premium payment from the first investment sleeve to a second investment sleeve, wherein the portion of the premium payment transferred calculated by the at least one computing device as a function of a time remaining in the waiting period and the desired income amount.
    Type: Application
    Filed: March 10, 2011
    Publication date: September 13, 2012
    Applicant: NEW YORK LIFE INSURANCE COMPANY
    Inventors: Nikhil A. Advani, George E. Silos, Cheryl Ann Reese