Patents by Inventor Jacob M. Herschler

Jacob M. Herschler 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).

  • Publication number: 20140164027
    Abstract: According to one embodiment of the invention, a benefits contract includes an agreement to provide a plurality of benefits for at least one person. The agreement provides for an account including a plurality of units. Each unit is associated with multiple benefits. For example each unit may be associated with multiple benefits such as life insurance, health insurance, supplemental health insurance, long-term care insurance, short-term disability insurance, long-term disability insurance, prescription drug insurance, a plurality of income payments, a withdrawal benefit, an annuity, a property and casualty benefit, or other similar benefits. The agreement is such that a person associated with the benefits contract may choose to exercise a particular unit, or fraction thereof, to receive only one of the three or more benefits; and such that the benefits account (or plurality of units) may be purchased tax-free using funds from a tax-deferred retirement account.
    Type: Application
    Filed: February 17, 2014
    Publication date: June 12, 2014
    Inventors: Malcolm A. Cheung, Robert A. Fishbein, Jacob M. Herschler, N. David Kuperstock, Robert F. O'Donnell, Steven L. Putterman
  • Patent number: 8655776
    Abstract: According to one embodiment of the invention, a benefits contract includes an agreement to provide a plurality of benefits for at least one person. The agreement provides for an account including a plurality of units. Each unit is associated with multiple benefits. For example each unit may be associated with multiple benefits such as life insurance, health insurance, supplemental health insurance, long-term care insurance, short-term disability insurance, long-term disability insurance, prescription drug insurance, a plurality of income payments, a withdrawal benefit, an annuity, a property and casualty benefit, or other similar benefits. The agreement is such that a person associated with the benefits contract may choose to exercise a particular unit, or fraction thereof, to receive only one of the three or more benefits; and such that the benefits account (or plurality of units) may be purchased tax-free using funds from a tax-deferred retirement account.
    Type: Grant
    Filed: July 12, 2006
    Date of Patent: February 18, 2014
    Assignee: The Prudential Insurance Company of America
    Inventors: Malcolm A. Cheung, Robert A. Fishbein, Jacob M. Herschler, N. David Kuperstock, Robert F. O'Donnell, Steven L. Putterman
  • Patent number: 8504460
    Abstract: One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account, calculating a liability ratio for the financial account, and determining whether to transfer at least a portion of the account balance from a variable sub-account to a low-risk sub-account based on the liability ratio.
    Type: Grant
    Filed: February 17, 2011
    Date of Patent: August 6, 2013
    Assignee: The Prudential Insurance Company of America
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert F. O'Donnell, Steven L. Putterman, Dain E. Runestad, Robert J. Schwartz, Nicholas Berardis, Jr., John L. Grucza, Michael A. Guido, J. Scott Dunn
  • Patent number: 8396774
    Abstract: One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account and on a first periodic basis: determining a specified percentage of the value of the financial account, determine the greater of a particular limit and the highest value of the financial account multiplied by the specified percentage on a second periodic basis, and in response to a determination that the highest value of the financial account multiplied by the specified percentage on the second periodic basis is greater than the particular limit, stepping-up the particular limit to equal the highest value of the financial account multiplied by the specified percentage on the second periodic basis.
    Type: Grant
    Filed: February 6, 2007
    Date of Patent: March 12, 2013
    Assignee: The Prudential Insurance Company of America
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert Francis O'Donnell, Steven Lee Putterman, Dain Eric Runestad, Robert J. Schwartz, Nicholas Berardis, Jr., John L. Grucza, Michael Albert Guido, J. Scott Dunn
  • Publication number: 20110145169
    Abstract: One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account, calculating a liability ratio for the financial account, and determining whether to transfer at least a portion of the account balance from a variable sub-account to a low-risk sub-account based on the liability ratio.
    Type: Application
    Filed: February 17, 2011
    Publication date: June 16, 2011
    Applicant: The Prudential Insurance Company of America
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert Francis O'Donnell, Steven Lee Putterman, Dain Eric Runestad, Robert J. Schwartz, Nicholas Berardis, JR., John L. Grucza, Michael Albert Guido, J. Scott Dunn
  • Patent number: 7895109
    Abstract: One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account, calculating a liability ratio for the financial account, and determining whether to transfer at least a portion of the account balance from a variable sub-account to a low-risk sub-account based on the liability ratio.
    Type: Grant
    Filed: February 6, 2007
    Date of Patent: February 22, 2011
    Assignee: The Prudential Insurance Company of America
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert Francis O'Donnell, Steven Lee Putterman, Dain Eric Runestad, Robert J. Schwartz, Nicholas Berardis, Jr., John L. Grucza, Michael Albert Guido, J. Scott Dunn
  • Publication number: 20100332365
    Abstract: A method for providing a financial instrument includes determining an initial account balance associated with a financial instrument based upon an initial deposit amount, wherein the financial instrument includes an account with an account balance that changes over time. The method further includes establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum growth rate for a defined period of time or until one or more defined events occur, whichever is sooner; and establishing a second guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a designated party, wherein the amount comprises a percentage of the protected value at the time of a particular event, provided that the amount may vary based upon withdrawals from the account in excess of a first particular limit.
    Type: Application
    Filed: August 2, 2010
    Publication date: December 30, 2010
    Applicant: The Prudential Insurance Company of America
    Inventors: Robert Francis O'Donnell, Marc Joseph Buzzelli, Robert Alan Fishbein, Jacob M. Herschler, Fiona Alexandra Jackman-Ward, Daniel O. Kane, N. David Kuperstock, Gary E. Phifer, III, Steven Lee Putterman, Polly Rae, Dain Eric Runestad, Robert J. Schwartz, Christopher Patrick Shecklev
  • Patent number: 7831496
    Abstract: A method for providing a financial instrument includes determining an initial account balance associated with a financial instrument based upon an initial deposit amount, wherein the financial instrument includes an account with an account balance that changes over time. The method further includes establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum growth rate for a defined period of time or until one or more defined events occur, whichever is sooner; and establishing a second guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a designated party, wherein the amount comprises a percentage of the protected value at the time of a particular event, provided that the amount may vary based upon withdrawals from the account in excess of a first particular limit.
    Type: Grant
    Filed: April 14, 2006
    Date of Patent: November 9, 2010
    Assignee: Prudential Insurance Company of America
    Inventors: Robert Francis O'Donnell, Marc Joseph Buzzelli, Robert Alan Fishbein, Jacob M. Herschler, Fiona Alexandra Jackman-Ward, Daniel O. Kane, N. David Kuperstock, Gary E. Phifer, III, Steven Lee Putterman, Polly Rae, Dain Eric Runestad, Robert J. Schwartz, Christopher Patrick Shecklev
  • Publication number: 20080189218
    Abstract: One embodiment of the invention is a method for providing a financial instrument that includes determining an initial account balance associated with a financial instrument, establishing a first guarantee of a protected value, the protected value including at least an amount based upon the initial account balance growing at a minimum positive growth rate, establishing a second guarantee that a beneficiary may receive a transfer of an amount of money, and establishing an agreement to allow at least a portion of the account balance to be transferred from one or more selected investments to one or more alternative investments in response to a triggering event.
    Type: Application
    Filed: February 6, 2007
    Publication date: August 7, 2008
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert Francis O'Donnell, Steven Lee Putterman, Dain Eric Runestad, Robert J. Schwartz, Nicholas Berardis, John L. Grucza, Michael Albert Guido, J. Scott Dunn
  • Publication number: 20080189219
    Abstract: One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account, calculating a liability ratio for the financial account, and determining whether to transfer at least a portion of the account balance from a variable sub-account to a low-risk sub-account based on the liability ratio.
    Type: Application
    Filed: February 6, 2007
    Publication date: August 7, 2008
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert Francis O'Donnell, Steven Lee Putterman, Dain Eric Runestad, Robert J. Schwartz, Nicholas Berardis, John L. Grucza, Michael Albert Guido, J. Scott Dunn
  • Publication number: 20080189220
    Abstract: One embodiment of the invention is a method for providing a financial instrument including determining a current account balance for a financial account and on a first periodic basis: determining a specified percentage of the value of the financial account, determine the greater of a particular limit and the highest value of the financial account multiplied by the specified percentage on a second periodic basis, and in response to a determination that the highest value of the financial account multiplied by the specified percentage on the second periodic basis is greater than the particular limit, stepping-up the particular limit to equal the highest value of the financial account multiplied by the specified percentage on the second periodic basis.
    Type: Application
    Filed: February 6, 2007
    Publication date: August 7, 2008
    Inventors: Jacob M. Herschler, Daniel O. Kane, N. David Kuperstock, Robert Francis O'Donnell, Steven Lee Putterman, Dain Eric Runestad, Robert J. Schwartz, Nicholas Berardis, John L. Grucza, Michael Albert Guido, J. Scott Dunn