Patents by Inventor James Andreano

James Andreano 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 for providing retirement income using mutual fund longevity insurance
    Patent number: 8438046
    Abstract: A method for providing retirement income using mutual fund longevity insurance is provided. A current or prospective retiree can purchase a mutual fund coupled with a longevity product. The longevity product insures against the early exhaustion or termination of the mutual fund, superannuation, or poor market performance of the mutual fund, and could be funded using a qualified annuity, a Roth Individual Retirement Annuity (IRA), or a non-qualified annuity to provide tax advantages. Retirement income is provided for the retiree beginning at retirement. During the life of the mutual fund, periodic withdrawals are taken from the mutual fund and invested in the longevity product. If the retiree reaches a threshold age, the retiree can choose to receive income from the longevity product.
    Type: Grant
    Filed: November 18, 2004
    Date of Patent: May 7, 2013
    Assignee: The Prudential Insurance Company of America
    Inventors: James I. Mahaney, James Andreano
  • Method for providing retirement income using mutual fund longevity insurance
    Publication number: 20060106698
    Abstract: A method for providing retirement income using mutual fund longevity insurance is provided. A current or prospective retiree can purchase a mutual fund coupled with a longevity product. The longevity product insures against the early exhaustion or termination of the mutual fund, superannuation, or poor market performance of the mutual fund, and could be funded using a qualified annuity, a Roth Individual Retirement Annuity (IRA), or a non-qualified annuity to provide tax advantages. Retirement income is provided for the retiree beginning at retirement. During the life of the mutual fund, periodic withdrawals are taken from the mutual fund and invested in the longevity product. If the retiree reaches a threshold age, the retiree can choose to receive income from the longevity product.
    Type: Application
    Filed: November 18, 2004
    Publication date: May 18, 2006
    Inventors: James Mahaney, James Andreano