Patents by Inventor Jonathan H. Samuels
Jonathan H. Samuels 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).
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Publication number: 20160078551Abstract: A method for generating an optimized life insurance package includes the steps of collecting consumer data comprising an age and a risk class, determining a match between at least one life insurance policy and at least one Life Insurance Option, wherein the match is determined based at least partially on a period of coverage for the at least one life insurance policy and at least a portion of the consumer data, generating an optimized life insurance package comprising the at least one Life Insurance Option, and transmitting data configured to generate at least one graphical user interface comprising a visual representation of the optimized life insurance package. Other methods, systems, and computer program products are also disclosed.Type: ApplicationFiled: September 14, 2015Publication date: March 17, 2016Inventor: Jonathan H. Samuels
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Publication number: 20150154710Abstract: A method for identifying a premium for a guarantee of future insurability includes: receiving a premium guarantee request, the request including an age, deferral period, and risk class; identifying a selected class based on the risk class; receiving a plurality of lapse rates, base mortality rates, and subclass mortality rates, each based on the received age and identified selected class and associated with a policy year and/or subclass; identifying an assumed lapse proportion; calculating a zero-lapsed selected mortality rate based on the received lapse rates, base mortality rates, and subclass mortality rates; calculating a premium based on the calculated zero-lapse mortality rate using a calculation pricing model, the premium corresponding to a guarantee for future insurability of a policy holder at the age after the deferral period at the selected class; and transmitting the calculated premium in response to the premium guarantee request.Type: ApplicationFiled: December 3, 2013Publication date: June 4, 2015Applicant: INSAMCO HOLDINGS, LLCInventors: Jonathan H. SAMUELS, William Joseph Schnaer
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Publication number: 20140188520Abstract: A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period.Type: ApplicationFiled: October 21, 2013Publication date: July 3, 2014Applicant: Insamco Holdings, LLCInventor: Jonathan H. SAMUELS
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Patent number: 8589147Abstract: A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period.Type: GrantFiled: September 30, 2011Date of Patent: November 19, 2013Assignee: Insamco Holdings, LLCInventor: Jonathan H. Samuels
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Publication number: 20120259663Abstract: A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period.Type: ApplicationFiled: September 30, 2011Publication date: October 11, 2012Applicant: Samuels Property Group LLCInventor: Jonathan H. SAMUELS
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Publication number: 20110015952Abstract: A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period. Payments for the life insurance option can be made by a person who is the insured or on behalf of another person who is the insured, such as a child or other third party.Type: ApplicationFiled: August 10, 2010Publication date: January 20, 2011Applicant: Samuels Property Group LLCInventor: Jonathan H. SAMUELS
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Patent number: 7797174Abstract: A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period. Payments for the life insurance option can be made by a person who is the insured or on behalf of another person who is the insured, such as a child or other third party.Type: GrantFiled: October 21, 2005Date of Patent: September 14, 2010Assignee: Samuels Property Group LLCInventor: Jonathan H. Samuels