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Benefits Contract Providing a Bundle of Benefits

  • US 20070021986A1
  • Filed: 07/12/2006
  • Published: 01/25/2007
  • Est. Priority Date: 07/19/2005
  • Status: Active Grant
First Claim
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1. A method for providing a benefits contract comprising:

  • receiving a tax-free transfer of funds from a tax-deferred retirement account; and

    establishing a benefits account in response to the received transfer of funds, the benefits account comprising a plurality of units, each unit associated with three or more benefits from the group of benefits consisting of;

    a life insurance;

    a health care insurance;

    a supplemental health care insurance;

    a long-term care insurance;

    a short-term disability insurance;

    a long-term disability insurance;

    a prescription drug insurance;

    a plurality of income payments;

    a withdrawal benefit; and

    a property and casualty benefit;

    wherein a person associated with the benefits contract may choose to exercise a particular unit, or fraction thereof, to receive only one of the three or more benefits.

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