Abstract: A system for providing an insurance product for at least one insured customer, including a communication device for receiving at least one application, each application associated with an applicant and including information about the applicant, a processor configured to determine for each application if the applicant qualifies as an insured customer, and a memory configured for storing an account record associated with each insured customer having at least one insured event associated with that insured customer, a benefit amount payable in association with the at least one insured event, an insurance cost, and a cash value based on predetermined account record factors, wherein the processor may define a reserve fund, determine an investment performance associated with the reserve fund during at least one period of time, and calculate a performance credit amount based on the investment performance of the reserve fund and the cash value.
Type:
Grant
Filed:
August 1, 2008
Date of Patent:
September 27, 2011
Assignee:
The Manufacturers Life Insurance Company
Inventors:
Christopher Joseph Fievoli, Mark David Edwards, Michelle Maria Enrica Lennox, Stephen Ted Krupicz
Abstract: The invention relates to methods and systems for allocating investment opportunities generated by a financial services company among liability segments within the financial services company, for predicting future gaps between forecasted supply of investment opportunities and demand for them, for providing originators of investment opportunities with information to help determine an investment's value relative to company targets for similar investments, and for providing information to compare the company's target asset mixes with actual asset mixes.
Type:
Application
Filed:
December 6, 2006
Publication date:
June 12, 2008
Applicant:
The Manufacturers Life Insurance Company
Inventors:
Pauline Lai, A. William Hopton, Raff Bruno, Glen Martin, Nancy Mcgouran, Branimir Kralj, Alexandra Dascalu