Patents by Inventor Bennett Stephen Meyer

Bennett Stephen Meyer 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 controlling and securitizing the cash value growth and/or death benefits of a large pool of insurance policies
    Patent number: 6330541
    Abstract: A system and method of managing an actuarially credible pool of life insurance policies to generate a consistent cash flow from death benefits paid on the insurance policies. The system and method accessing selected data having terms associated therewith, wherein the data is representative of the pool of life insurance policies. The cash value of the pool of life insurance policies is calculated from the selected data of the pool of life insurance policies for a predetermined point in time. The cash value of the pool of life insurance policies is compared to a predetermined cash value at the predetermined point in time. Then at least one of the terms is modified in accordance with a predetermined criteria, so that the cash value of the life insurance policies is managed and an actuarially definable cash flow may be obtained. This cash flow is then analyzed, so that at least a portion thereof may be sold to a third party.
    Type: Grant
    Filed: January 7, 1998
    Date of Patent: December 11, 2001
    Inventors: Bennett Stephen Meyer, William Donald Chatfield