Prudential Insurance Co. of America Assigned Patent
May 1, 2013 by Targeted News Service
ALEXANDRIA, Va.,May 1 –Prudential Insurance Co. of America,Newark, N.J., has been assigned a patent (8,433,589) developed by four co-inventors for “system and method for pricing and issuing level pay death benefit policies.” The co-inventors arePaul M. Fischer,Avon, Conn.,Stephen A. Roche,Simsbury, Conn.,Michael J. Roscoe,South Windsor, Conn., andMary Katherine Weise,Bloomfield, Conn.
The abstract of the patent published by the U.S. Patent and Trademark Office states: “Pursuant to some embodiments, a computer system for pricing a paycheck term policy is provided which includes a processor, a communication device in communication with the processor the communication device configured to receive an input data set, the input data set including at least an issue age of an insured associated with the policy, a desired death benefit payment amount, an underwriting class associated with the insured, and an interest rate factor.”
The patent application was filed on Dec. 17, 2009 (12/640,653). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,433,589&OS=8,433,589&RS=8,433,589
Written byNeha Bharti; edited byJaya Anand.
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