Patents Assigned to Addle Management, LLC
  • METHOD AND SYSTEM FOR CREATING AND TRACKING LIFE INSURANCE POLICIES IN SEPARATE ACCOUNTS INCLUDING MODIFIED STABLE VALUE PROTECTED FUNDS
    Publication number: 20240046369
    Abstract: A system and method for administering an insurance policy in general accounts and in separate accounts including a modified stable value protected investment including an improved surrender payment protocol. The system and method includes tracking the value of investments and an MSVP value in a life insurance contract after a termination of life insurance coverage has occurred. When the system determines that the value of the MSVP equals a predetermined value (e.g., zero) or that a maturity date for the policy or stable value protected investment has occurred, the system causes an amount equal to the value of the MSVP division to be paid to the contractholder. Upon such payment, the MSVP product provider shall have no further liability under the MSVP. The contractholder may have an option to elect at any time to receive a payment amount equal to the value of the underlying assets of the stable value protected investment. In such event, the MSVP product provider shall have no further liability under the MSVP.
    Type: Application
    Filed: October 12, 2023
    Publication date: February 8, 2024
    Applicant: ADDLE MANAGEMENT, LLC
    Inventors: Seth C. KOPPES, William A. MEIER
  • Method and system for creating and tracking life insurance policies in separate accounts including modified stable value protected funds
    Patent number: 11113764
    Abstract: A system and method for administering an insurance policy in general accounts and in separate accounts including a modified stable value protected investment including an improved surrender payment protocol. The system and method includes tracking the value of investments and an MSVP value in a life insurance contract after a termination of life insurance coverage has occurred. When the system determines that the value of the MSVP equals a predetermined value (e.g., zero) or that a maturity date for the policy or stable value protected investment has occurred, the system causes an amount equal to the value of the MSVP division to be paid to the contractholder. Upon such payment, the MSVP product provider shall have no further liability under the MSVP. The contractholder may have an option to elect at any time to receive a payment amount equal to the value of the underlying assets of the stable value protected investment. In such event, the MSVP product provider shall have no further liability under the MSVP.
    Type: Grant
    Filed: April 12, 2013
    Date of Patent: September 7, 2021
    Assignee: Addle Management, LLC
    Inventors: Seth C. Koppes, William A. Meier