Patents by Inventor METROPOLITAN LIFE INSURANCE CO.

METROPOLITAN LIFE INSURANCE CO. 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 FLEXIBLE TERM RIDERS FOR RISK MANAGEMENT PRODUCTS
    Publication number: 20130173312
    Abstract: The present disclosure comprises a method implemented on a program-controlled computer processor and a system for generating and processing life insurance policies with a whole life component and a term life component. In one embodiment, the system will provide a rider (or “flex term rider”) for whole life policies that allows the initial policy to be blended with term life insurance. The percentage of the term life coverage may vary; for example, 50% of the coverage can be term life insurance. The lower the percentage of term life in the product blend, the higher the premiums will be.
    Type: Application
    Filed: December 21, 2012
    Publication date: July 4, 2013
    Applicant: METROPOLITAN LIFE INSURANCE CO.
    Inventor: METROPOLITAN LIFE INSURANCE CO.