US6205434B1
Expired / Lapsed
US
⏱️ 0.0 years remaining
Computerized indenture plan allocation determination management and reporting system
Assignee: Hartford Fire Insurance Co
•
Filing: 1995-12-18
•
Granted: 2001-03-20
•
Expires: 2015-12-18
Abstract
Abstract A computerized indenture plan allocation determination, management and reporting system and method is disclosed. The system determines allocations relating to an indenture plan, manages indenture plan assets and reports allocation information to an administration system. The system includes a controller and a number of user workstations. The controller is coupled to administration system. The controller receives indenture plan information electronically transmitted from the administration system. The user workstations, also coupled to the controller, electronically transmits expense information to the controller. The controller, upon receipt of the expense information, determines allocation information for the indenture plan, determines management information as a function of the indenture plan information, and electronically transmits the allocation information and the management information to the administration system and/or some or all of the user workstations. In short, the controller monitors corporate benefits paid, compares corporate benefits paid to cumulative life insurance policy distributions and compares unreimbursed corporate benefit expenses with life insurance policy benefits payable to determine an amount available for distribution.
Inventors
- 👤 Raymond B. Ryan
- 👤 Wendy J. Engel
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-09 19:21
CPC Classifications
G; G06; G06Q; G06Q40/00; G06Q40/02; G06Q40/06; Y; Y10; Y10S; Y10S707/00; Y10S707/99941; Y10S707/99944; Y10S707/99945; Y10S707/99948
Claims Analysis
Total Claims: 74
Claim 1
Independent Claim
140 words
A computerized indenture plan allocation determination, management and reporting system for determining allocations relating to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, the system comprising: a controller coupled to the at least one administration system, the controller receiving indenture plan information electronically transmitted from the at least one administration system to the controller; at least one user workstation coupled to the controller, the at least one user workstation electronically transmitting expense information to the controller; the controller, upon receipt of the expense information, determining allocation information, devoid of loan information, for the indenture plan, determining management information as a function of the indenture plan information, and electronically transmitting the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 2
Dependent Claim
140 words
A computerized indenture plan allocation determination, management and reporting system for determining allocations relating to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, the system comprising: a controller coupled to the at least one administration system, the controller receiving indenture plan information electronically transmitted from the at least one administration system to the controller; at least one user workstation coupled to the controller, the at least one user workstation electronically transmitting expense information to the controller; the controller, upon receipt of the expense information, determining allocation information, devoid of loan information, for the indenture plan, determining management information as a function of the indenture plan information, and electronically transmitting the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 3
Dependent Claim
28 words
The system of claim 1 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 4
Dependent Claim
18 words
The system of claim 1 wherein the expense information is input at the user workstation by a user.
Claim 5
Dependent Claim
28 words
The system of claim 3 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 6
Dependent Claim
19 words
The system of claim 1 wherein the expense information is received by the user workstation from an expert system.
Claim 7
Dependent Claim
28 words
The system of claim 5 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 8
Dependent Claim
19 words
The system of claim 1 wherein the expense information is received by the user workstation from an applications program.
Claim 9
Dependent Claim
28 words
The system of claim 7 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 10
Dependent Claim
16 words
The system of claim 1 wherein the management information includes information relating to reinvestment of distributions.
Claim 11
Dependent Claim
28 words
The system of claim 9 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 12
Dependent Claim
17 words
The system of claim 1 wherein the management information includes information relating to exchange of a policy.
Claim 13
Dependent Claim
28 words
The system of claim 11 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 14
Dependent Claim
17 words
The system of claim 1 wherein the management information includes information relating to surrender of a policy.
Claim 15
Dependent Claim
28 words
The system of claim 13 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 16
Dependent Claim
13 words
The system of claim 1 wherein the controller includes means for preventing overdrafts.
Claim 17
Dependent Claim
28 words
The system of claim 15 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 18
Dependent Claim
16 words
The system of claim 1 wherein the controller includes means for prevention of an under allocation.
Claim 19
Dependent Claim
28 words
The system of claim 17 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 20
Dependent Claim
13 words
The system of claim 1 wherein the indenture plan information includes distribution information.
Claim 21
Dependent Claim
28 words
The system of claim 19 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 22
Dependent Claim
17 words
The system of claim 1 wherein the controller includes means for limiting payment of indenture plan distributions.
Claim 23
Dependent Claim
28 words
The system of claim 21 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 24
Dependent Claim
14 words
The system of claim 1 wherein the controller includes means retaining indenture plan distributions.
Claim 25
Dependent Claim
28 words
The system of claim 23 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 26
Dependent Claim
21 words
The system of claim 1 wherein the controller reconciles allocation information with the at least one administration system indenture plan information.
Claim 27
Dependent Claim
28 words
The system of claim 25 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 28
Dependent Claim
36 words
The system of claim 1 wherein the controller includes: a first means for determining allocation information for the indenture plan; and a second means for determining management information as a function of the indenture plan information.
Claim 29
Dependent Claim
28 words
The system of claim 27 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 30
Dependent Claim
78 words
The system of claim 1 wherein the at least one user workstation receives interest rate information and electronically transmits the expense information to the controller, and the controller, upon receipt of the interest rate information, determines allocation information for the indenture plan, determines management information as a function of the indenture plan information, and electronically transmits the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 31
Dependent Claim
28 words
The system of claim 29 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 32
Dependent Claim
13 words
The system of claim 29 wherein the management information includes earned interest allocations.
Claim 33
Dependent Claim
28 words
The system of claim 31 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 34
Dependent Claim
78 words
The system of claim 1 wherein the at least one user workstation receives tax rate information and electronically transmits the expense information to the controller, and the controller, upon receipt of the tax rate information, determines allocation information for the indenture plan, determines management information as a function of the indenture plan information, and electronically transmits the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 35
Dependent Claim
28 words
The system of claim 33 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 36
Dependent Claim
13 words
The system of claim 33 wherein the management information includes tax expense allocations.
Claim 37
Dependent Claim
28 words
The system of claim 35 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 38
Dependent Claim
76 words
The system of claim 1 wherein the at least one user workstation receives accounting events and electronically transmits the expense information to the controller, and the controller, upon receipt of the accounting events, determines allocation information for the indenture plan, determines management information as a function of the indenture plan information, and electronically transmits the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 39
Dependent Claim
28 words
The system of claim 37 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 40
Dependent Claim
13 words
The system of claim 37 wherein the controller includes means restructuring asset balances.
Claim 41
Dependent Claim
28 words
The system of claim 39 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 42
Dependent Claim
15 words
The system of claim 37 wherein the controller includes means for complying with accounting events.
Claim 43
Dependent Claim
28 words
The system of claim 41 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 44
Dependent Claim
13 words
The system of claim 1 wherein the controller generates at least one report.
Claim 45
Dependent Claim
28 words
The system of claim 43 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 46
Dependent Claim
14 words
The system of claim 43 wherein the at least one report is generated daily.
Claim 47
Dependent Claim
28 words
The system of claim 45 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 48
Dependent Claim
21 words
The system of claim 43 wherein the at least one report is electronically transmitted to the at least one user workstation.
Claim 49
Dependent Claim
28 words
The system of claim 47 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 50
Dependent Claim
153 words
A computerized real-time indenture plan allocation determination, management and reporting system for determining allocations relating to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, the system comprising: a controller coupled to the at least one administration system, the controller receiving, in real-time, indenture plan information, devoid of loan information for the indenture plan, electronically transmitted by the at least one administration system; at least one user workstation coupled to the controller, the at least one user workstation receiving expense information and electronically transmitting, in realtime, the expense information to the controller; the controller, upon receipt of the expense information, determining allocation information for the indenture plan, determining management information as a function of the indenture plan information, and electronically transmitting, in realtime, the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 51
Dependent Claim
153 words
A computerized real-time indenture plan allocation determination, management and reporting system for determining allocations relating to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, the system comprising: a controller coupled to the at least one administration system, the controller receiving, in real-time, indenture plan information, devoid of loan information for the indenture plan, electronically transmitted by the at least one administration system; at least one user workstation coupled to the controller, the at least one user workstation receiving expense information and electronically transmitting, in realtime, the expense information to the controller; the controller, upon receipt of the expense information, determining allocation information for the indenture plan, determining management information as a function of the indenture plan information, and electronically transmitting, in realtime, the allocation information and the management information to the at least one administration system and to the at least one user workstation.
Claim 52
Dependent Claim
28 words
The system of claim 49 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 53
Dependent Claim
98 words
A controller for managing an indenture plan, comprising: means for electronically receiving indenture plan information from at least one administration system, the indenture plan information for an indenture plan with a spendthrift option; means for electronically receiving expense information from one or more user workstations; means for determining allocation information for the indenture plan, upon receipt of the expense information; means for determining management information as a function of the indenture plan information, upon receipt of the expense information; and means for electronically transmitting the allocation information and the management information to the at least one administration system.
Claim 54
Dependent Claim
98 words
A controller for managing an indenture plan, comprising: means for electronically receiving indenture plan information from at least one administration system, the indenture plan information for an indenture plan with a spendthrift option; means for electronically receiving expense information from one or more user workstations; means for determining allocation information for the indenture plan, upon receipt of the expense information; means for determining management information as a function of the indenture plan information, upon receipt of the expense information; and means for electronically transmitting the allocation information and the management information to the at least one administration system.
Claim 55
Dependent Claim
28 words
The controller of claim 51 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 56
Dependent Claim
25 words
The controller of claim 51 further comprising means for electronically transmitting the allocation information and the management information to the one or more user workstations.
Claim 57
Dependent Claim
28 words
The controller of claim 53 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 58
Independent Claim
69 words
A system for managing an indenture plan, comprising: means for monitoring corporate benefits paid and comparing corporate benefits paid to cumulative life insurance policy distributions to a payer of the corporate benefits; and responsive to said means, real time means for comparing unreimbursed corporate benefit expenses with life insurance policy benefits payable to determine an amount available for distribution in managing an indenture plan with a spendthrift settlement option.
Claim 59
Independent Claim
69 words
A system for managing an indenture plan, comprising: means for monitoring corporate benefits paid and comparing corporate benefits paid to cumulative life insurance policy distributions to a payer of the corporate benefits; and responsive to said means, real time means for comparing unreimbursed corporate benefit expenses with life insurance policy benefits payable to determine an amount available for distribution in managing an indenture plan with a spendthrift settlement option.
Claim 60
Dependent Claim
69 words
The system of claim 55 , wherein the real time means for comparing unreimbursed corporate benefits expenses with life insurance policy benefits payable to determine an amount available for distribution includes means for comparing unreimbursed corporate benefits expenses with life insurance policy benefits payable to determine an amount available for distribution limited in accordance with an indenture plan restriction the distribution reimbursing payment of the unreimbursed corporate benefits expenses.
Claim 61
Dependent Claim
34 words
The system of claim 55 further comprising: report generation means to prepare reports as required under Generally Accepted Accounting Principles; and means to communicate and reconcile information with information stored on external computer systems.
Claim 62
Dependent Claim
69 words
The system of claim 57 , wherein the real time means for comparing unreimbursed corporate benefits expenses with life insurance policy benefits payable to determine an amount available for distribution includes means for comparing unreimbursed corporate benefits expenses with life insurance policy benefits payable to determine an amount available for distribution limited in accordance with an indenture plan restriction the distribution reimbursing payment of the unreimbursed corporate benefits expenses.
Claim 63
Independent Claim
112 words
A method for determining allocations to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, comprising the steps of: electronically transmitting indenture plan information from at least one administration system to a controller; receiving expense information at one or more user workstations; electronically transmitting the expense information from the one or more user workstations to the controller; determining allocation information for the indenture plan, upon receipt of the expense information; determining management information as a function of the indenture plan information, upon receipt of the expense information; and electronically transmitting the allocation information and the management information to the at least one administration system.
Claim 64
Independent Claim
112 words
A method for determining allocations to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, comprising the steps of: electronically transmitting indenture plan information from at least one administration system to a controller; receiving expense information at one or more user workstations; electronically transmitting the expense information from the one or more user workstations to the controller; determining allocation information for the indenture plan, upon receipt of the expense information; determining management information as a function of the indenture plan information, upon receipt of the expense information; and electronically transmitting the allocation information and the management information to the at least one administration system.
Claim 65
Dependent Claim
28 words
The method of claim 59 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 66
Independent Claim
63 words
A method for managing an indenture plan in real time, the method comprising: monitoring corporate benefits paid; comparing corporate benefits paid to cumulative life insurance policy distributions; and in real time, comparing unreimbursed corporate benefit expenses with life insurance policy benefits payable to determine an amount available for distribution in managing an indenture plan operable without a trust and devoid of a loan.
Claim 67
Independent Claim
63 words
A method for managing an indenture plan in real time, the method comprising: monitoring corporate benefits paid; comparing corporate benefits paid to cumulative life insurance policy distributions; and in real time, comparing unreimbursed corporate benefit expenses with life insurance policy benefits payable to determine an amount available for distribution in managing an indenture plan operable without a trust and devoid of a loan.
Claim 68
Dependent Claim
29 words
The method of claim 61 , wherein the amount available for distribution limited in accordance with an indenture plan restriction the distribution reimbursing payment of the corporate benefits paid.
Claim 69
Independent Claim
113 words
A method implemented on a machine comprising an electrical digital computer having a processor, the digital computer in communication with an administration system and a workstation, the method comprising the steps of: receiving indenture plan information related to an indenture plan from the administration system; receiving expense information from the workstation; engaging the digital computer to process the expense information to generate allocation information for the indenture plan; engaging the digital computer to process the indenture plan information to generate management information; transmitting the allocation information to at least one of the administration system and the workstation; and transmitting the management information to at least one of the administration system and the workstation.
Claim 70
Independent Claim
113 words
A method implemented on a machine comprising an electrical digital computer having a processor, the digital computer in communication with an administration system and a workstation, the method comprising the steps of: receiving indenture plan information related to an indenture plan from the administration system; receiving expense information from the workstation; engaging the digital computer to process the expense information to generate allocation information for the indenture plan; engaging the digital computer to process the indenture plan information to generate management information; transmitting the allocation information to at least one of the administration system and the workstation; and transmitting the management information to at least one of the administration system and the workstation.
Claim 71
Dependent Claim
28 words
The method of claim 63 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
Claim 72
Independent Claim
124 words
A method implemented on a machine comprising an electrical digital computer having a processor, the digital computer in communication with an administration system and a workstation, the method comprising the steps of: electronically receiving indenture plan information related to an indenture plan from the administration system; electronically receiving expense information from the workstation; upon receipt of the expense information, engaging the digital computer to process the expense information in real time to generate allocation information for the indenture plan; engaging the digital computer to process the indenture plan information to generate management information; transmitting the allocation information to at least one of the administration system and the workstation; and transmitting the management information to at least one of the administration system and the workstation.
Claim 73
Independent Claim
124 words
A method implemented on a machine comprising an electrical digital computer having a processor, the digital computer in communication with an administration system and a workstation, the method comprising the steps of: electronically receiving indenture plan information related to an indenture plan from the administration system; electronically receiving expense information from the workstation; upon receipt of the expense information, engaging the digital computer to process the expense information in real time to generate allocation information for the indenture plan; engaging the digital computer to process the indenture plan information to generate management information; transmitting the allocation information to at least one of the administration system and the workstation; and transmitting the management information to at least one of the administration system and the workstation.
Claim 74
Dependent Claim
28 words
The method of claim 65 , wherein the indenture plan information reflects a restriction to reimbursing the indenture plan owner's costs incurred in paying for health care benefits.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2004-03-19 | 2004-09-18 | 2005-03-20 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2008-03-19 | 2008-09-18 | 2009-03-20 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2012-03-19 | 2012-09-18 | 2013-03-20 | $7700.00 | Window Closed / Lapsed |