Method for distributing insurance policy dividends
First Claim
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1. A method for returning dividends from an insurance policy by an insurance company to a policyholder, the method comprising:
- determining an internal share value for shares of the insurance company;
offering the policyholder an option to take the dividends in the form of shares at the internal value; and
transferring the shares to the policyholder at the internal value upon exercise of the option.
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Abstract
A method for distributing dividend monies from an insurance policy, such as a life insurance policy, to a policyholder. The method including the determination of an internal value for the insurance company'"'"'s shares or other securities, offering the insurance company'"'"'s shares or other securities to the policyholder at the internal value, and paying the dividend value in the form of the insurance company'"'"'s or other securities at the internal value.
11 Citations
14 Claims
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1. A method for returning dividends from an insurance policy by an insurance company to a policyholder, the method comprising:
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determining an internal share value for shares of the insurance company;
offering the policyholder an option to take the dividends in the form of shares at the internal value; and
transferring the shares to the policyholder at the internal value upon exercise of the option. - View Dependent Claims (2, 3, 4, 5)
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6. A method for a company to distribute dividends to a policyholder of an insurance policy, the method comprising:
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determining an internal value for a security of the company;
offering the dividends in the form of securities of the company to the policyholder; and
transferring rights to the securities of the company to the policyholder at the internal value upon acceptance of offer by the policyholder. - View Dependent Claims (7, 8, 9, 10)
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11. A method for an insurance company to distribute dividends to a policyholder of an insurance policy, the method comprising:
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determining whether the policyholder is entitled to a dividend;
determining an internal value of a security of the insurance company;
communicating an option of payment of the dividend in the form of a security to the policyholder at the internal value;
receiving an instruction from the policyholder exercising the option for payment of the dividend as a security at the internal value;
determining an amount of the security for the dividend; and
transferring rights to the amount of the security to the policyholder. - View Dependent Claims (12, 13, 14)
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Specification