Patents by Inventor William Formon

William Formon 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).

  • FLEXIBLE PREMIUM INCOME ANNUITY SYSTEM AND METHOD
    Publication number: 20150073836
    Abstract: A computerized method and system for providing a flexible income annuity includes inputting a plurality of premium payments for the income annuity from an investor, the flexible premium payments being received on different dates. The computerized method and system further includes computationally aggregating income benefits from the one or more investment vehicles of the income annuity where the income benefits are associated with premium payments received on different dates. The method and system further includes calculating an income payment based the aggregated income benefits and outputting the income payments to a payee on one or more selected disbursement dates. Therefore, the investor is provided the flexibility to make premium payments for the income annuity on varying dates.
    Type: Application
    Filed: March 21, 2014
    Publication date: March 12, 2015
    Inventors: Jodi L. Kravitz, William Formon
  • Flexible premium income annuity system and method
    Patent number: 8706595
    Abstract: A computerized method and system for providing a flexible income annuity includes inputting a plurality of premium payments for the income annuity from an investor, the flexible premium payments being received on different dates. The computerized method and system further includes computationally aggregating income benefits from the one or more investment vehicles of the income annuity where the income benefits are associated with premium payments received on different dates. The method and system further includes calculating an income payment based the aggregated income benefits and outputting the income payments to a payee on one or more selected disbursement dates. Therefore, the investor is provided the flexibility to make premium payments for the income annuity on varying dates.
    Type: Grant
    Filed: October 18, 2007
    Date of Patent: April 22, 2014
    Assignee: New York Life Insurance Company
    Inventors: Jodi L. Kravitz, William Formon
  • FLEXIBLE PREMIUM INCOME ANNUITY SYSTEM AND METHOD
    Publication number: 20090106167
    Abstract: A computerized method and system for providing a flexible income annuity includes inputting a plurality of premium payments for the income annuity from an investor, the flexible premium payments being received on different dates. The computerized method and system further includes computationally aggregating income benefits from the one or more investment vehicles of the income annuity where the income benefits are associated with premium payments received on different dates. The method and system further includes calculating an income payment based the aggregated income benefits and outputting the income payments to a payee on one or more selected disbursement dates. Therefore, the investor is provided the flexibility to make premium payments for the income annuity on varying dates.
    Type: Application
    Filed: October 18, 2007
    Publication date: April 23, 2009
    Inventors: Jodi L. Kravitz, William Formon