Corey B Multer

US Patent:

20070100727, May 3, 2007

Filed:

Aug 10, 2006

Appl. No.:

11/463779

Inventors:

Corey Multer - Merrick NY, US
Robert Conway - Babylon NY, US

International Classification:

G06Q 40/00

US Classification:

70503600R

Abstract:

Methods and systems are described herein for providing an annuity including flexible income, liquidity options or permanent legacy benefits. Providing the annuity generally includes receiving information useful for issuing an annuity that provides for a first level of income payments during a first time period and a second level of income payments during a second time period following the first time period. The second payment level may be contingent on a first event. An annuity premium is computed to provide the first level of income payments and the contingent second level of income payments. The annuity is issued generally upon receipt of a portion of the computed premium.

US Patent:

20070255635, Nov 1, 2007

Filed:

Apr 16, 2003

Appl. No.:

10/414690

Inventors:

Corey Multer - Merrick NY, US
Robert Conway - Babylon NY, US
David Baelis - Edison NJ, US

International Classification:

G06Q 40/00

US Classification:

70503600R, 705035000

Abstract:

This invention relates to methods and systems that provide annuities with at least one liquidity option that allows the holder of the liquidity option to exercise the option and convert therewith a portion of a value of the annuity into a liquid asset, such as cash or a cash value, based on the value of future income payments, which can include payments that are guaranteed to be paid for the duration of one or more lifetime. The conversion may be in a variety of forms, such as an advance of at least a portion of the future income payments, or in the form a lump sum distribution of at least a portion of a commuted value of the annuity computed based at least in part on the present value, at the time of the conversion, of future income payments for the remainder of the guarantee period. This invention further relates to methods and systems that provide annuities including a liquid legacy benefit option that provide a lump sum distribution of a portion of an annuity premium to a beneficiary at the end of the guarantee period that is substantially certain at the inception of the annuity.