Patents by Inventor David John Baelis

David John Baelis 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).

  • Methods and systems for providing liquidity options and permanent legacy benefits for annuities
    Patent number: 10846798
    Abstract: This invention relates to methods and systems that provide annuities with at least one liquidity option that allows the holder of the liquidity option to exercise the option and convert therewith a portion of a value of the annuity into a liquid asset, such as cash or a cash value, based on the value of future income payments, which can include payments that are guaranteed to be paid for the duration of one or more lifetime. The conversion may be in a variety of forms, such as an advance of at least a portion of the future income payments, or in the form a lump sum distribution of at least a portion of a commuted value of the annuity computed based at least in part on the present value, at the time of the conversion, of future income payments for the remainder of the guarantee period.
    Type: Grant
    Filed: August 12, 2013
    Date of Patent: November 24, 2020
    Assignee: New York Life Insurance Company
    Inventors: Corey Blaine Multer, Robert L. Conway, David John Baelis
  • Methods and systems for providing liquidity options and permanent legacy benefits for annuities
    Publication number: 20140046702
    Abstract: This invention relates to methods and systems that provide annuities with at least one liquidity option that allows the holder of the liquidity option to exercise the option and convert therewith a portion of a value of the annuity into a liquid asset, such as cash or a cash value, based on the value of future income payments, which can include payments that are guaranteed to be paid for the duration of one or more lifetime. The conversion may be in a variety of forms, such as an advance of at least a portion of the future income payments, or in the form a lump sum distribution of at least a portion of a commuted value of the annuity computed based at least in part on the present value, at the time of the conversion, of future income payments for the remainder of the guarantee period.
    Type: Application
    Filed: August 12, 2013
    Publication date: February 13, 2014
    Applicant: New York Life Insurance Company
    Inventors: Corey Blaine Multer, Robert L. Conway, David John Baelis
  • Methods and systems for providing liquidity options and permanent legacy benefits for annuities
    Patent number: 8533080
    Abstract: This invention relates to methods and systems that provide annuities with at least one liquidity option that allows the holder of the liquidity option to exercise the option and convert therewith a portion of a value of the annuity into a liquid asset, such as cash or a cash value, based on the value of future income payments, which can include payments that are guaranteed to be paid for the duration of one or more lifetime. The conversion may be in a variety of forms, such as an advance of at least a portion of the future income payments, or in the form a lump sum distribution of at least a portion of a commuted value of the annuity computed based at least in part on the present value, at the time of the conversion, of future income payments for the remainder of the guarantee period.
    Type: Grant
    Filed: April 16, 2003
    Date of Patent: September 10, 2013
    Inventors: Corey Blaine Multer, Robert L. Conway, David John Baelis