Patents by Inventor Shawn Hilario

Shawn Hilario 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 administration of life insurance policy with accelerated benefits
    Patent number: 8666857
    Abstract: A computer system for administering a life insurance policy is configured to, responsive to receipt of certification that the insured has either loss of ability to perform two activities of daily living or cognitive impairment, provide instructions to pay an owner of the policy, in periodic payments, an accelerated benefit, the accelerated benefit being in an amount less than the death benefit, a first of the periodic payments being for a time period commencing on a date of receipt of the certification, and continuing until the insured no longer has the loss of ability to perform two activities of daily living or cognitive impairment. The system is further configured to, responsive to each of the periodic payments, determine a reduction of the amount of the death benefit by an amount of each of the periodic payments.
    Type: Grant
    Filed: December 10, 2010
    Date of Patent: March 4, 2014
    Assignee: The Prudential Insurance Company of America
    Inventors: Michael J. Roscoe, Paul M. Fischer, Shawn Hilario, Stephen A. Roche
  • SYSTEM AND METHOD FOR ADMINISTRATION OF LIFE INSURANCE POLICY WITH ACCELERATED BENEFITS
    Publication number: 20110077982
    Abstract: A computer system for administering a life insurance policy is configured to, responsive to receipt of certification that the insured has either loss of ability to perform two activities of daily living or cognitive impairment, provide instructions to pay an owner of the policy, in periodic payments, an accelerated benefit, the accelerated benefit being in an amount less than the death benefit, a first of the periodic payments being for a time period commencing on a date of receipt of the certification, and continuing until the insured no longer has the loss of ability to perform two activities of daily living or cognitive impairment. The system is further configured to, responsive to each of the periodic payments, determine a reduction of the amount of the death benefit by an amount of each of the periodic payments.
    Type: Application
    Filed: December 10, 2010
    Publication date: March 31, 2011
    Applicant: HARTFORD FIRE INSURANCE COMPANY
    Inventors: Michael J. Roscoe, Paul M. Fischer, Shawn Hilario, Stephen A. Roche