Patents by Inventor N David Kuperstock

N David Kuperstock 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: 20120284205
    Abstract: A system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined time period. A computer program controls the allocation of assets in the investment vehicle, which allows the investor to initially invest one hundred percent of the initial deposit in non-secure, high risk investments. At the end of the each trading day, the computer program determines if assets should be reallocated from the non-secure investments to the secure investments, from the secure investments to the non-secure investments, or if no reallocation is necessary.
    Type: Application
    Filed: July 16, 2012
    Publication date: November 8, 2012
    Applicant: The Prudential Insurance Company of America
    Inventors: Robert Arena, Robert O'Donnell, Robert Schwartz, N. David Kuperstock, Tim Paris, Robert Leach, Jacob Herchler, Mike Morell, Fiona Jackman-Ward
  • Patent number: 8224728
    Abstract: A system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined time period. A computer program controls the allocation of assets in the investment vehicle, which allows the investor to initially invest one hundred percent of the initial deposit in non-secure, high risk investments. At the end of the each trading day, the computer program determines if assets should be reallocated from the non-secure investments to the secure investments, from the secure investments to the non-secure investments, or if no reallocation is necessary.
    Type: Grant
    Filed: February 16, 2010
    Date of Patent: July 17, 2012
    Assignee: The Prudential Insurance Company of America
    Inventors: Robert Arena, Robert O'Donnell, Robert Schwartz, N. David Kuperstock, Tim Paris, Robert Leach, Jacob Herschler, Mike Morell, Fiona Jackman-Ward
  • Patent number: 7974898
    Abstract: A system for providing stabilized annuity payments, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program allocates the risks associated with an investment to the potential beneficiaries of the annuitant by controlling the allocation of assets between two investment pools. The annuitant pool is the pool on which annuity payments are based and the beneficiary pool contains assets that are provided to the beneficiaries upon the death of the annuitant. The beneficiary pool is used as a cushion to isolate the contents of the annuitant pool from fluctuations in value. If the underlying investments perform poorly, assets from the beneficiary pool are reallocated to the annuity pool in order to maintain the existing annuity payment. If the underlying investments perform favorably, increasing in value, excess amounts above a set trigger level amount will be periodically transferred to the annuitant pool.
    Type: Grant
    Filed: July 9, 2008
    Date of Patent: July 5, 2011
    Assignee: The Prudential Insurance Company of America
    Inventors: Robert Arena, Robert Schwartz, N. David Kuperstock, Robert O'Donnell, Gordon Boronow
  • 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: 7962384
    Abstract: A system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined time period. A computer program controls the allocation of assets in the investment vehicle, which allows the investor to initially invest one hundred percent of the initial deposit in non-secure, high risk investments. At the end of the each trading day, the computer program determines if assets should be reallocated from the non-secure investments to the secure investments, from the secure investments to the non-secure investments, or if no reallocation is necessary.
    Type: Grant
    Filed: April 12, 2002
    Date of Patent: June 14, 2011
    Assignee: The Prudential Insurance Company of America
    Inventors: Robert Arena, Robert O'Donnell, Robert Schwartz, N. David Kuperstock, Tim Paris, Robert Leach, Jacob Herschler, Mike Morell, Fiona Jackman-Ward
  • 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
  • Patent number: 7769659
    Abstract: A system, method, and computer program product for dynamic, cost effective reallocation of assets among a plurality of investment products comprising a processor, a memory and a computer program stored in the memory. The computer program implementing the present invention controls the reallocation of assets to reduce the transactions costs associated with rebalancing the investor's composite assets according to a composite asset allocation model. Information relating to the composite asset allocation model, the investor's assets, and the investor are stored in memory. Periodically, or upon occurrence of an event, the composite assets are evaluated to determine if rebalancing is necessary. If rebalancing is necessary, the transaction costs associated with the available transactions for performing the rebalancing are compared to select the most economically favorable transaction.
    Type: Grant
    Filed: February 15, 2002
    Date of Patent: August 3, 2010
    Assignee: The Prudential Insurance Company of America
    Inventors: Robert Arena, N. David Kuperstock, Robert O'Donnell, Lincoln Collins
  • Publication number: 20100185560
    Abstract: A system, method, and computer program product for allocating assets among a plurality of investments to guarantee a predetermined value at the end of a predetermined time period. A computer program controls the allocation of assets in the investment vehicle, which allows the investor to initially invest one hundred percent of the initial deposit in non-secure, high risk investments. At the end of the each trading day, the computer program determines if assets should be reallocated from the non-secure investments to the secure investments, from the secure investments to the non-secure investments, or if no reallocation is necessary.
    Type: Application
    Filed: February 16, 2010
    Publication date: July 22, 2010
    Applicant: The Prudential Insurance Company of America
    Inventors: Robert Arena, Robert O'Donnell, Robert Schwartz, N. David Kuperstock, Tim Paris, Robert Leach, Jacob Herschler, Mike Morell, Fiona Jackman-Ward
  • Publication number: 20080270323
    Abstract: A system, method, and computer program product for providing stabilized annuity payments and control of investments in a variable annuity, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program allocates the short and long term risks associated with an investment to the potential beneficiaries of the annuitant by controlling the allocation of assets between two investment pools. The annuitant pool is the pool on which annuity payments are based and the beneficiary pool contains assets that are provided to the beneficiaries upon the death of the annuitant. The beneficiary pool is used as a cushion to isolate the contents of the annuitant pool from fluctuations in value. The beneficiary pool is initially funded with sufficient assets to minimize the likelihood of its depletion under fairly conservative estimates of market conditions.
    Type: Application
    Filed: July 9, 2008
    Publication date: October 30, 2008
    Applicant: The Prudential Insurance Co. of America
    Inventors: Robert Arena, Robert Schwartz, N. David Kuperstock, Robert O'Donnell, Gordon Boronow
  • 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
  • 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
  • Patent number: 7401037
    Abstract: In one embodiment, a method of managing assets for stabilizing anticipated periodic payments, allocating the assets to first and second pools; at periodic intervals, comparing the current value of the assets in the first pool to a present value of the remaining payments; and, when the current value is less the present value, reallocating a portion of the assets from the second pool to the first pool so that the first asset pool has a current value representing the present value. In another embodiment, a method for managing assets for stabilizing anticipated periodic payments includes allocating the assets into first and second pools; establishing a first payment amount; determining a first trigger value; assessing a current value of the assets; and reallocating assets from the second pool to the first pool to increase the first payment amount in response to the current value being greater than the first trigger value.
    Type: Grant
    Filed: February 20, 2002
    Date of Patent: July 15, 2008
    Assignee: The Prudential Insurance Company of America
    Inventors: Robert Arena, Robert Schwartz, N David Kuperstock, Robert O'Donnell, Gordon Boronow
  • Publication number: 20030105652
    Abstract: A system, method, and computer program product for managing an investment to increase the after-tax death benefit of the investment received by the beneficiaries, the system comprising a processor, a memory, and a computer program stored in the memory. The computer program receives and stores information relating to an investment and periodically assesses the value of the investment. The computer program then determines an insurance premium that will provide a death benefit based on the assessed value of the investment. Next, the computer program collects or otherwise receives information of receipt of the insurance premium. In the preferred embodiment, the insurance premium provides a life insurance death benefit of forty percent (40%) of the assessed value of the investment.
    Type: Application
    Filed: April 12, 2002
    Publication date: June 5, 2003
    Inventors: Robert Arena, Robert O'Donnell, Robert Schwartz, N. David Kuperstock, Tim Paris, Robert Leach, Jacob Herschler, Mike Morrell, Fiona Jackman-Ward