Charles Dana Tatro

US Patent:

7848989, Dec 7, 2010

Filed:

Nov 9, 2007

Appl. No.:

11/983512

Inventors:

Charles D. Tatro - Mendon MA, US
David P. Wiland - South Windsor CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.

US Patent:

7877307, Jan 25, 2011

Filed:

Dec 5, 2007

Appl. No.:

11/999476

Inventors:

Charles D. Tatro - Mendon MA, US
Joseph M. Weiss - Glastonbury CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 35, 705 4

Abstract:

A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a withdrawal percent for determining a lifetime benefit payment amount available for withdrawal without reduction in the payment base. The withdrawal percent is dependent on the age of a relevant life as of the date of a request made by the relevant life for the withdrawal.

US Patent:

7949601, May 24, 2011

Filed:

Jan 23, 2009

Appl. No.:

12/359088

Inventors:

Joseph M. Weiss - Glastonbury CT, US
Charles D. Tatro - Mendon MA, US
Maria Leonard Andrade - Suffield CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 39, 705 4, 705 35, 705 36 R, 705 36 T

Abstract:

A data processing method administers a deferred annuity contract during the accumulation phase for a relevant life. The annuity contract has a contract value, a guarantee of lifetime benefit payments and a minimum contract value. Administration of the contract determines a minimum contract value, while paying a lifetime benefit payment less than the minimum contract value and a guaranteed death benefit not less than the minimum contract value. The lifetime benefit payment does not reduce the contract value below the minimum contract value.

US Patent:

8015092, Sep 6, 2011

Filed:

Nov 9, 2007

Appl. No.:

11/983473

Inventors:

Charles D. Tatro - Mendon MA, US
Joseph M. Weiss - Glastonbury CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, and a contract value. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.

US Patent:

8103571, Jan 24, 2012

Filed:

Oct 6, 2010

Appl. No.:

12/898877

Inventors:

Charles D. Tatro - Mendon MA, US
David P. Wiland - Norristown PA, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 38

Abstract:

A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.

US Patent:

8103573, Jan 24, 2012

Filed:

Jul 14, 2011

Appl. No.:

13/183001

Inventors:

Charles D. Tatro - Mendon MA, US
Joseph M. Weiss - Glastonbury CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

A computer implemented data processing system and method processes data relating to a deferred annuity contract during the accumulation phase for a relevant life. The system is configured to determine an amount of an available benefit payment, available on a periodic basis for withdrawal without reduction of a payment base value, the available benefit payment amount being based on a withdrawal percent value and one of a payment base value and a contract value. The withdrawal percent value increases automatically after a first of the benefit payments.

US Patent:

8108298, Jan 31, 2012

Filed:

Sep 20, 2010

Appl. No.:

12/885970

Inventors:

Charles D. Tatro - Mendon MA, US
Jason F. Taylor - New Britain CT, US
David P. Wiland - South Windsor CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 37, 705 4, 705 35, 705 36 R

Abstract:

A computer implemented data processing system and method for administering a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision.

US Patent:

8229830, Jul 24, 2012

Filed:

Dec 29, 2011

Appl. No.:

13/340005

Inventors:

Charles D. Tatro - Mendon MA, US
Joseph M. Weiss - Glastonbury CT, US

Assignee:

Hartford Fire Insurance Company - Hartford CT

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37, 705 38

Abstract:

A computerized financial instrument management system has a data storage device storing data indicative of an account balance based on deposits, withdrawals and changes in value of investments selected by an owner, a payment base value, a guarantee of availability of benefit payments for a term, during time periods during the term, without reduction of the payment base value; and withdrawal factor values correlated with dates after a first of the benefit payments and increasing after the first of the benefit payments. A processor is configured to determine, for any of the time periods, an available amount of the benefit payment, based on data indicative of a withdrawal factor value and at least one of a payment base value and either the payment base value or the account value.