Patents by Inventor Robert B. Phelps

Robert B. Phelps 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).

  • Patent number: 7769607
    Abstract: A method for increasing the assets of a pension plan is disclosed. The method includes investing at least a portion of one or more assets of a pension plan so as to acquire an interest in one or more current, in-force insurance contracts from one or more owners of the one or more current, in-force insurance contracts. Each of the one or more insurance contracts is either an annuity or a life insurance contract, but in either case, the insured is not a beneficiary of the pension plan.
    Type: Grant
    Filed: August 7, 2003
    Date of Patent: August 3, 2010
    Assignee: Indianola Development Company, L.L.C.
    Inventor: Robert B. Phelps
  • Publication number: 20090192832
    Abstract: A program product, a system, and method for a trustee and a pension system, one embodiment of a program product consistent with the invention comprises program code for generating or receiving a plurality of files or a reference or references to a plurality of files that form an life insurance settlement pool, wherein the insureds in the pool are not beneficiaries of that pension system; program code for issuing payment instructions and/or payment instruments to maintain each of a plurality of the life insurance settlement contracts; program code for registering in an electronic database an ownership interest for the pension system in the life insurance settlement pool and/or in each insurance settlement contract in the life insurance settlement pool; program code for electronically determining or having determined a proportionate share of the life insurance settlement pool; program code for paying out or having paid out proceeds from the insurance policies in accordance with a predetermined priority of distr
    Type: Application
    Filed: March 23, 2009
    Publication date: July 30, 2009
    Inventor: Robert B. Phelps
  • Patent number: 7519552
    Abstract: A program product, a system, and method for a trustee and a pension system, one embodiment of a program product consistent with the invention comprises program code for generating or receiving a plurality of files or a reference or references to a plurality of files that form an life insurance settlement pool, wherein the insureds in the pool are not beneficiaries of that pension system; program code for issuing payment instructions and/or payment instruments to maintain each of a plurality of the life insurance settlement contracts; program code for registering in an electronic database an ownership interest for the pension system in the life insurance settlement pool and/or in each insurance settlement contract in the life insurance settlement pool; program code for electronically determining or having determined a proportionate share of the life insurance settlement pool; program code for paying out or having paid out proceeds from the insurance policies in accordance with a predetermined priority of distr
    Type: Grant
    Filed: February 7, 2005
    Date of Patent: April 14, 2009
    Assignee: Indianola Development Company, L.L.C.
    Inventor: Robert B. Phelps