is about to get a Fresh New Look! Check out our beta site »

We make selling dental and vision simple!
New! Whole Life with premiums paid bi a SPIA.
What Every Broker Needs to Know About Private Exchanges
Women have a lot of reasons to plan for Chronic Illness Care.
Click here to see this article in our upcoming redesigned website

Allstate Insurance Assigned Patent

Targeted News Service

By Targeted News Service

ALEXANDRIA, Va., Jan. 17 -- Allstate Insurance, Northbrook, Ill., has been assigned a patent (8,355,931) developed by Matthew S. Easley, Arlington Heights, Ill., for "mortality progression methods and systems."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Methods and systems for preparing improved mortality tables for use with life insurance and other financial products are described herein. The improved mortality tables described herein account for progression over time of insureds from one underwriting class to another, e.g., based on deteriorating health over time. An insured who is in a "preferred" class at the time of initial underwriting might not still qualify for "preferred" status in 5 years, or even the next year. By creating a system of linear equations that predict the composition of a group n years after underwriting, insurance (and other financial products) providers can calculate more definite costs for pricing financial products based on the estimated or expected transition from one underwriting class to another."

The patent application was filed on June 10, 2009 (12/482,032). The full-text of the patent can be found at,355,931&OS=8,355,931&RS=8,355,931

Written by Satyaban Rath; edited by Hemanta Panigrahi.


Copyright:(c) 2013 Targeted News Service


  More Newswires

More Newswires >>
  Most Popular Newswires

More Popular Newswires >>
Hot Off the Wires  Hot off the Wires

More Hot News >>

insider icon Denotes premium content. Learn more about becoming an Insider here.
Leave trial and error behind with this powerful tried and true presentation.