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US 2015/0088555 A1Published application
Retirement income assurance policy
AssigneePension Advisory Group
InventorPaul D. Hinson
Life of this patent
Estimating the term…
Abstract
The disclosure relates to certain insurance procedures, methodology and implementation. More specifically, the procedures and methodology relate to insurance or policies which allow for retirement plan contribution when an individual is disabled and is no longer able to receive pay from an employer.
Claims20
A computer implemented method for pension supplementation when an employee has a long-term disability, the computer implemented method comprising:
- a) an employer computer for sending and retrieving data, wherein the employer computer is connected by a network;
- b) a financial services computer for sending and receiving data, wherein the financial services computer is connected to the network and the network is connected to the employer computer, and wherein the employer computer sends funds and data through the network to the financial services computer;
- c) a bank computer for sending and receiving data, wherein the interface is connected to the network and the network is connected to the financial services computer, and wherein the financial services computer sends funds through the network to the bank computer;
- and
- wherein the employer computer sends funds and data of the employee upon disablement via the network to the financial services computer, the financial services computer sends the funds via the network to the bank computer, and wherein the bank computer disperses funds to the employee upon the employee reaching retirement age.
2 more elements
A system comprising a plurality of networked computers for sending and receiving data, the system comprising:
- an employer computer operated by the employer of a policy holder, the policy holder having a long-term disability;
- a financial services computer;
- a bank computer;
- and
- a bank computer;
- and
- wherein the employer computer sends funds and data for the benefit of the policy holder via the network to the financial services computer, the financial services computer sends the funds and data via the network to the bank computer, and wherein the bank computer disperses funds to the policy holder upon the policy holder reaching retirement age.
4 more elements
Dependencies are inferred from the claim text.