Patents by Inventor Joseph Heckel

Joseph Heckel 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 DETERMINING AND ADMINISTERING AN ANNUITY WITH GUARANTEED MINIMUM ACCUMULATION BENEFIT
    Publication number: 20060111997
    Abstract: A computer-implemented method of calculating a value of a benefit for an annuity contract including a minimum contract accumulation value provision is disclosed. The method includes determining a current minimum contract accumulation value, determining a current value of the annuity contract investments, determining a predetermined reset percentage contained in the annuity contract, calculating the product of the current value of the annuity contract investments and the reset percentage and a fifth step of resetting the minimum contract accumulation value to the greater of the minimum contract accumulation value or the product of the current value of the annuity contract investments and the reset percentage.
    Type: Application
    Filed: November 1, 2005
    Publication date: May 25, 2006
    Applicant: AMERIPRISE FINANCIAL, INC.
    Inventors: Lynn Abbott, Douglas Dunning, Joseph Heckel, D. Keith Pinkley, Alan Treece