WO2004013794A3 - Insuring longer than expected lifetime - Google Patents

Insuring longer than expected lifetime Download PDF

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Publication number
WO2004013794A3
WO2004013794A3 PCT/US2003/022734 US0322734W WO2004013794A3 WO 2004013794 A3 WO2004013794 A3 WO 2004013794A3 US 0322734 W US0322734 W US 0322734W WO 2004013794 A3 WO2004013794 A3 WO 2004013794A3
Authority
WO
WIPO (PCT)
Prior art keywords
survival
insured
expected lifetime
target
benefit
Prior art date
Application number
PCT/US2003/022734
Other languages
French (fr)
Other versions
WO2004013794A2 (en
Inventor
Charles Fredrick Hill
Pippa Catherine Hill-Strathy
Original Assignee
Charles Fredrick Hill
Pippa Catherine Hill-Strathy
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Charles Fredrick Hill, Pippa Catherine Hill-Strathy filed Critical Charles Fredrick Hill
Priority to AU2003259186A priority Critical patent/AU2003259186A1/en
Publication of WO2004013794A2 publication Critical patent/WO2004013794A2/en
Priority to US10/962,837 priority patent/US20050060209A1/en
Publication of WO2004013794A3 publication Critical patent/WO2004013794A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Abstract

A method and system to provide insurance protection to compensate an interested party against the financial risk that an elederly person (the 'Insured') lives a longer than expected lifetime. The method comprises the steps of determining a target survival date (112) for the insured; determining a survival benefit; (108) receiving a premium in exchange for payment of the survival benefit (108) to a survival- beneficiary upon survival of the insured to the target survival data (116); and paying the survival benefit to the survival-beneficiary based on the insured surviving to the target survival date (122).
PCT/US2003/022734 2002-08-01 2003-07-22 Insuring longer than expected lifetime WO2004013794A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
AU2003259186A AU2003259186A1 (en) 2002-08-01 2003-07-22 Insuring longer than expected lifetime
US10/962,837 US20050060209A1 (en) 2003-07-22 2004-10-12 Method and system for insuring longer than expected lifetime

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US39969402P 2002-08-01 2002-08-01
US60/399,694 2002-08-01

Publications (2)

Publication Number Publication Date
WO2004013794A2 WO2004013794A2 (en) 2004-02-12
WO2004013794A3 true WO2004013794A3 (en) 2007-06-28

Family

ID=31495750

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2003/022734 WO2004013794A2 (en) 2002-08-01 2003-07-22 Insuring longer than expected lifetime

Country Status (2)

Country Link
AU (1) AU2003259186A1 (en)
WO (1) WO2004013794A2 (en)

Families Citing this family (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7558757B2 (en) 2003-02-12 2009-07-07 Mann Conroy Eisenberg & Associates Computer system for managing fluctuating cash flows
US8533080B2 (en) 2003-04-16 2013-09-10 Corey Blaine Multer Methods and systems for providing liquidity options and permanent legacy benefits for annuities
US6999935B2 (en) 2003-09-30 2006-02-14 Kiritharan Parankirinathan Method of calculating premium payment to cover the risk attributable to insureds surviving a specified period
US8234132B2 (en) * 2004-10-07 2012-07-31 New York Life Insurance Company Methods and systems for providing longevity insurance with or without an asset based premium
US8126746B2 (en) 2006-03-02 2012-02-28 Hartford Fire Insurance Company System and method for processing and administering flexible guaranteed income payments
US8010388B2 (en) 2006-03-02 2011-08-30 Hartford Fire Insurance Company Longevity insurance

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5631828A (en) * 1992-07-10 1997-05-20 Hagan; Bernard P. Method and system for processing federally insured annuity and life insurance investments
US5752236A (en) * 1994-09-02 1998-05-12 Sexton; Frank M. Life insurance method, and system
US5839118A (en) * 1996-01-16 1998-11-17 The Evergreen Group, Incorporated System and method for premium optimization and loan monitoring
US5956091A (en) * 1992-08-07 1999-09-21 British Broadcasting Corporation Method of showing 16:9 pictures on 4:3 displays
US20010011223A1 (en) * 1998-10-06 2001-08-02 Thomas W. Burke System, method and apparatus for providing an executive compensation system

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5631828A (en) * 1992-07-10 1997-05-20 Hagan; Bernard P. Method and system for processing federally insured annuity and life insurance investments
US5956091A (en) * 1992-08-07 1999-09-21 British Broadcasting Corporation Method of showing 16:9 pictures on 4:3 displays
US5752236A (en) * 1994-09-02 1998-05-12 Sexton; Frank M. Life insurance method, and system
US5839118A (en) * 1996-01-16 1998-11-17 The Evergreen Group, Incorporated System and method for premium optimization and loan monitoring
US20010011223A1 (en) * 1998-10-06 2001-08-02 Thomas W. Burke System, method and apparatus for providing an executive compensation system

Also Published As

Publication number Publication date
AU2003259186A1 (en) 2004-02-23
AU2003259186A8 (en) 2004-02-23
WO2004013794A2 (en) 2004-02-12

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