Apparatus and method for achieving enhanced returns on investments
OwnerJoseph W. Carlson, Timothy T. R. Vest +2inventors
InventorsJoseph W. Carlson, Timothy T. R. Vest, Lee R. Phillips, Clark S. Gardner
Life of this patent
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Abstract
The apparatus and methods of the present invention create enhanced investment returns for investors by utilizing standard insurance products and recognizing the actuarial expectation of death for lives within a pool of insured lives. In the most preferred embodiments of the present invention, a pooled investment entity, which is a tax “pass through” entity, invests in life insurance policies or otherwise secures life insurance policies placed on lives in a pool of insured lives. A projected return is calculated on an actuarial basis and actual returns are paid based on the experience of deaths in the pool of insured lives.
Claims51
A method comprising the steps of:
- identifying a pool comprising a plurality of individuals;
- securing payment for death benefits on a plurality of lives in said pool;
- and
- using an actuarial expectation of death for said lives to calculate an expected return derived from said death benefits.
A method of providing an increase of assets to a qualified entity comprising the steps of:
- receiving assets from a pooled investment entity;
- identifying a pool comprising a plurality of individuals, said plurality of individuals being donors to said qualified entity;
- using said assets from said pooled investment entity to secure payment for death benefits on a plurality of lives in said pool;
- calculating an expected return derived from said death benefits using an actuarial expectation of death for said plurality of lives;
- receiving payment of some or all of said death benefits based on the end of at least one of said plurality of lives, thereby creating an actual return;
- and
- allocating at least a portion of said actual return to each of said pooled investment entity and said qualified entity, thereby providing an increase of assets to said qualified entity.
An apparatus comprising:
- at least one processor;
- a memory coupled to said at least one processor;
- and
- an investment transaction mechanism residing in said memory and being executed by said at least one processor, said investment transaction mechanism being configured to:
- identify a pool comprising a plurality of individuals;
- identify payments required to secure death benefits on a plurality of lives in said pool;
- identify death benefits secured by said payments;
- and
- calculate an expected return derived from said death benefits using an actuarial expectation of death for said lives.
An apparatus comprising:
- a network;
- an information requesting computer system coupled to said network;
- an information providing computer system coupled to said network;
- at least one processor coupled to said network;
- a memory coupled to said at least one processor;
- an operating system residing in said memory;
- an investment database residing in said memory;
- a security system residing in said memory;
- and
- an investment transaction mechanism residing in said memory and being executed by said at least one processor, said investment transaction mechanism being configured to:
- identify a pool comprising a plurality of individuals;
- identify payments required to secure death benefits on a plurality of lives in said pool;
- identify death benefits secured by said payments;
- and
- calculate an expected return derived from said death benefits using an actuarial expectation of death for said lives.
A program product comprising:
- an investment transaction mechanism, said investment transaction mechanism being configured to:
- identify a pool comprising a plurality of individuals;
- identify payments required to secure death benefits on a plurality of lives in said pool;
- identify death benefits secured by said payments;
- and
- calculate an expected return derived from said death benefits using an actuarial expectation of death for said lives.
Dependencies are inferred from the claim text.