Patents by Inventor William A. Meier
William A. Meier 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).
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Publication number: 20250182213Abstract: A system and method for administering an insurance policy in general accounts and in separate accounts including a modified stable value protected investment including an improved surrender payment protocol. The system and method includes tracking the value of investments and an MSVP value in a life insurance contract after a termination of life insurance coverage has occurred. When the system determines that the value of the MSVP equals a predetermined value (e.g., zero) or that a maturity date for the policy or stable value protected investment has occurred, the system causes an amount equal to the value of the MSVP division to be paid to the contractholder. Upon such payment, the MSVP product provider shall have no further liability under the MSVP. The contractholder may have an option to elect at any time to receive a payment amount equal to the value of the underlying assets of the stable value protected investment. In such event, the MSVP product provider shall have no further liability under the MSVP.Type: ApplicationFiled: February 3, 2025Publication date: June 5, 2025Applicant: ADDLE MANAGEMENT, LLCInventors: Seth C. KOPPES, William A. MEIER
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Publication number: 20240046369Abstract: A system and method for administering an insurance policy in general accounts and in separate accounts including a modified stable value protected investment including an improved surrender payment protocol. The system and method includes tracking the value of investments and an MSVP value in a life insurance contract after a termination of life insurance coverage has occurred. When the system determines that the value of the MSVP equals a predetermined value (e.g., zero) or that a maturity date for the policy or stable value protected investment has occurred, the system causes an amount equal to the value of the MSVP division to be paid to the contractholder. Upon such payment, the MSVP product provider shall have no further liability under the MSVP. The contractholder may have an option to elect at any time to receive a payment amount equal to the value of the underlying assets of the stable value protected investment. In such event, the MSVP product provider shall have no further liability under the MSVP.Type: ApplicationFiled: October 12, 2023Publication date: February 8, 2024Applicant: ADDLE MANAGEMENT, LLCInventors: Seth C. KOPPES, William A. MEIER
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Patent number: 11113764Abstract: A system and method for administering an insurance policy in general accounts and in separate accounts including a modified stable value protected investment including an improved surrender payment protocol. The system and method includes tracking the value of investments and an MSVP value in a life insurance contract after a termination of life insurance coverage has occurred. When the system determines that the value of the MSVP equals a predetermined value (e.g., zero) or that a maturity date for the policy or stable value protected investment has occurred, the system causes an amount equal to the value of the MSVP division to be paid to the contractholder. Upon such payment, the MSVP product provider shall have no further liability under the MSVP. The contractholder may have an option to elect at any time to receive a payment amount equal to the value of the underlying assets of the stable value protected investment. In such event, the MSVP product provider shall have no further liability under the MSVP.Type: GrantFiled: April 12, 2013Date of Patent: September 7, 2021Assignee: Addle Management, LLCInventors: Seth C. Koppes, William A. Meier
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Publication number: 20140136244Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: January 16, 2014Publication date: May 15, 2014Applicant: BANCORP SERVICES, LLCInventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Patent number: 8639537Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: GrantFiled: October 12, 2011Date of Patent: January 28, 2014Assignee: Bancorp Services LLCInventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20120029953Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: October 12, 2011Publication date: February 2, 2012Applicant: Bancorp Services, L.L.C.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20110131069Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: February 4, 2011Publication date: June 2, 2011Applicant: Bancorp Services, L.L.C.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Patent number: 7249037Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: GrantFiled: September 9, 1996Date of Patent: July 24, 2007Assignee: Bancorp Services L.L.P.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Publication number: 20040215493Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: ApplicationFiled: September 9, 1996Publication date: October 28, 2004Inventors: SETH C. KOPPES, EDWARD J. LANIGAN, WILLIAM A. MEIER, RICHARD M. HURWITZ, CHRIS J. GARLICH, MARK A. GILJE, SCOTT L. FARGO
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Patent number: 5926792Abstract: Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return).Type: GrantFiled: September 18, 1998Date of Patent: July 20, 1999Assignee: Bancorp Services, Inc.Inventors: Seth C. Koppes, Edward J. Lanigan, William A. Meier, Richard M. Hurwitz, Chris J. Garlich, Mark A. Gilje, Scott L. Fargo
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Patent number: 4289175Abstract: A strapping tool for tensioning a strap loop around an article and for crimping or notching a push-type seal around the overlapping strap portions is provided with a frame, an arm pivotally mounted on the frame for pivoting movement in a first direction and in a second, opposite direction, an abutment nose on the arm for engaging the seal during tensioning, a spring biasing the arm in the first direction during tensioning, a motor-driven tension wheel for pulling one of the overlapping strap portions through the seal to tension the loop whereby the tension reaction urges the abutment nose against the seal and, at a predetermined tension level, causes the arm to overcome the spring and pivot relative to the frame in the second direction. A jaw assembly is provided for crimping or notching the seal and a control means is provided for actuating the jaw assembly in response to the movement of the arm in the second direction at the predetermined tension level.Type: GrantFiled: November 13, 1979Date of Patent: September 15, 1981Assignee: Signode CorporationInventors: David E. Crittenden, Barry R. Angarola, Robert J. Nix, William A. Meier
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Patent number: 4228565Abstract: A metal strap segment is provided for forming a loop about compressible material and has a first joint-forming portion on one end and a second joint-forming portion on the other end, each of the joint-forming portions containing an array of longitudinally spaced joint elements which are adapted to interlock to form a sealless strap connection when the joint-forming portions are overlapped. An abutment is provided at the distal end of the second joint-forming portion and a disengageable anti-reverse engaging means, such as a tab or receiving aperture, is provided on the first joint-forming portion. The engaging tab or aperture is located, with respect to the distal end of the first joint-forming portion, inwardly of and adjacent the array of longitudinally spaced joint elements.Type: GrantFiled: August 17, 1978Date of Patent: October 21, 1980Assignee: Signode CorporationInventors: Peter Lems, William A. Meier
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Patent number: 4156385Abstract: A method is provided for binding a first low density bale with a plurality of straps and then reusing sections of the straps to bind a second, smaller bale which is compressed from the first bale. A plurality of primary straps are provided with a multiple of discrete arrays of longitudinally spaced joint elements, the joint elements of each array being adapted to interlock with the joint elements of another array to form a sealless connection therebetween. Each primary strap is looped around the first low density bale and the ends of the strap are connected through two of the arrays of interlocking joint elements. Each primary strap further has, at spaced locations along its length, severance indicia and readily disengageable anti-reverse engaging tabs. When desired, the first bale may be subsequently further compressed to allow removal of the primary straps.Type: GrantFiled: August 17, 1978Date of Patent: May 29, 1979Assignee: Signode CorporationInventors: Peter Lems, William A. Meier
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Patent number: 4080689Abstract: A metal strap segment adapted for forming a first loop about material to be tied and for forming a sealless strap connection between overlapping strap ends of the segment is provided with an integral smaller strap segment adapted for forming a second smaller loop and for forming a sealless strap connection between overlapping strap ends of the smaller segment when the smaller segment is severed from the larger segment. The severed ends of the remaining portion of the larger strap segment are also adapted for being reconnectable and forming a sealless strap connection therebetween.Type: GrantFiled: May 24, 1976Date of Patent: March 28, 1978Assignee: Signode CorporationInventor: William A. Meier