Security Life of Denver Insurance Assigned Patent

By Targeted News Service

ALEXANDRIA, Va., Oct. 11 -- Security Life of Denver Insurance, Malvern, Pa., has been assigned a patent (8,285,566) developed by John McSwaney, Stuart, Fla., Anthony Ginsberg, Beverly Hills, Calif., and Ben Wolzenski, St. Louis, for "methods and systems for administering indexed life insurance."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "Disclosed is a system and method for administering a life insurance policy to provide increased interest based on specifically weighted linkage to multiple equity indices that typically may include Standard & Poor's 500 Composite Price Index, Dow Jones EURO STOXX 50, the Hang Seng Index, and/or derivatives thereof wherein the leading-performing index during a look back period is weighted more heavily than any other index. Also disclosed is a computer system using at least one administration component to implement a series of steps associated with administering an equity indexed-interest universal life insurance policy."

The patent application was filed on May 21, 2008 (12/124,694). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,285,566&OS=8,285,566&RS=8,285,566

Written by Satyaban Rath; edited by Hemanta Panigrahi.

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