Method and system for providing stable value
First Claim
Patent Images
1. A method for providing stable value, the method comprising:
- agreeing to provide a first stable return to a first entity, the first stable return correlated to a first plurality of life insurance policies;
agreeing to provide a second stable return to a second entity, the second stable return correlated to a second plurality of life insurance policies; and
combining aspects of the first and second agreements, wherein the combined aspects of the first agreement and the second agreement distributes some risk of early withdrawal by the first entity to the second entity.
1 Assignment
0 Petitions
Accused Products
Abstract
Separate accounts of life insurance carriers receive premiums for company owned life insurance (COLI). The premiums are invested in a stable value fund along with net premiums from other separate accounts. The stable value fund enters into a derivative contract with a stable value provider. The stable value fund calculates and reports book value of the investments to the separate accounts, which report the book value to the policy holders. The separate account investors share in the potential risk and reward from early withdrawals by other fund investors.
41 Citations
32 Claims
-
1. A method for providing stable value, the method comprising:
-
agreeing to provide a first stable return to a first entity, the first stable return correlated to a first plurality of life insurance policies;
agreeing to provide a second stable return to a second entity, the second stable return correlated to a second plurality of life insurance policies; and
combining aspects of the first and second agreements, wherein the combined aspects of the first agreement and the second agreement distributes some risk of early withdrawal by the first entity to the second entity. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
-
-
13. A method for providing stable value, the method comprising:
-
creating a fund to provide a plurality of stable returns to a plurality of entities, the stable returns correlated to a plurality of life insurance policies; and
receiving investments in the fund, wherein participation in the fund distributes some risk of early withdrawal by any one of the entities to the remaining entities. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
-
-
26. A method for providing stable value, the method comprising:
-
establishing a separate account;
receiving a premium for a company owned life insurance policy;
investing a substantial portion of the premium in a fund, the fund receiving similar investments by similar entities; and
participating in the risk or reward of fund early withdrawal by any of the similar entities. - View Dependent Claims (27, 28, 29, 30, 31)
-
-
32. A method for providing stable value to company owned life insurance policy holders, the method comprising:
-
creating a stable value fund to provide a plurality of stable returns to a plurality of life insurance company separate accounts, the stable returns correlated to a plurality of life insurance policies issued by the separate accounts;
receiving investments in the stable value fund from the separate accounts, wherein each separate account participates in the risk from early withdrawal by any of the other separate accounts, or the benefit from early withdrawal by any of the other separate accounts;
entering into a stable value derivative contract with a wrap provider;
calculating a book value per unit for each separate account using a crediting rate;
reporting the book value per unit to each separate account;
periodically resetting the crediting rate;
recalculating the book value per unit; and
reporting the recalculated book value per unit to each separate account.
-
Specification