Patents by Inventor Anthony C. Laudato

Anthony C. Laudato 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).

  • Method and system for administering a variable universal life insurance product having a volatility reduction feature
    Patent number: 8175940
    Abstract: A method and system of administering a financial product having a volatility reduction feature comprises providing a life insurance policy having a cash surrender value, creating at least one subaccount associated with the policy, storing a number of accumulation units associated with the subaccount, storing a plurality of accumulation unit values, calculating an average of stored accumulation unit values and using the average to determine a target unit value. The surrender value of the subaccount is periodically determined by multiplying the number of accumulation units by the target unit value. The surrender value of the subaccount is used to periodically determine the cash surrender value of the insurance policy.
    Type: Grant
    Filed: April 3, 2007
    Date of Patent: May 8, 2012
    Assignee: Lincoln National Life Insurance Company
    Inventors: Anthony C. Laudato, Douglas K. Noble
  • Method and System For Administering A Variable Universal Life Insurance Product Having A Volatility Reduction Feature
    Publication number: 20080249810
    Abstract: A method and system of administering a financial product having a volatility reduction feature comprises providing a life insurance policy having a cash surrender value, creating at least one subaccount associated with the policy, storing a number of accumulation units associated with the subaccount, storing a plurality of accumulation unit values, calculating an average of stored accumulation unit values and using the average to determine a target unit value. The surrender value of the subaccount is periodically determined by multiplying the number of accumulation units by the target unit value. The surrender value of the subaccount is used to periodically determine the cash surrender value of the insurance policy.
    Type: Application
    Filed: April 3, 2007
    Publication date: October 9, 2008
    Inventors: Anthony C. Laudato, Douglas K. Noble