Patents by Inventor Wallace Benward

Wallace Benward 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: 20120158440
    Abstract: A method, non-transitory machine-readable medium, and financial product provide borrower foreclosure insurance for insured interests in real property, each classified in a rate category. A processor is controlled to calculate a premium for at least some of the real property interests with a rule utilizing the data indicative of the rate category and storing the calculation. The processor receives data indicative of a cost of a hedge vehicle respectively associated with each real property interest. A hedge vehicle is selected based on an index for real property in a preselected geographical area. A monetary level to hedge is selected, and a hedge vehicle or vehicles are selected. A number of hedge contracts of at least one type to achieve hedging of the monetary level is calculated on the processor.
    Type: Application
    Filed: February 29, 2012
    Publication date: June 21, 2012
    Inventors: Wallace Benward, Branden D. Rife
  • Publication number: 20090132298
    Abstract: A method and means produce a value of a premium for an insurance product which make a homeowner's mortgage payment in the event of default. A computer program uses financial data that has been entered into an insurer's database to generate a value for the premium for the insurance product. Financial data includes a predetermined set of parameters such as the homeowner's monthly mortgage payment, asset valuation, the terms and conditions of the associated mortgage loan, and borrower creditworthiness. Financial data further includes the costs of hedging and the accompanying reduction in risk. Hedging vehicles, e.g., futures or derivatives of futures, may be based on values of homes in the market including the location of the insured homeowner.
    Type: Application
    Filed: November 17, 2008
    Publication date: May 21, 2009
    Applicant: Constellation Holdings, LLC
    Inventors: Wallace Benward, Branden D. Rife
  • Patent number: 6063433
    Abstract: A beverage mixture for infants and toddlers containing goat milk, rice milk and aloe vera juice and distilled water which is free of refined sugar and cow milk.
    Type: Grant
    Filed: August 14, 1996
    Date of Patent: May 16, 2000
    Inventors: Marguerite F. Benward, Wallace Benward