Is a
Patent attributes
Patent Jurisdiction
Patent Number
Date of Patent
August 30, 2011
Patent Application Number
11654489
Date Filed
January 17, 2007
Patent Primary Examiner
Patent abstract
The present invention provides a life insurance product known as longevity insurance. Longevity insurance mitigates longevity risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of longevity insurance guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a later date, which may be utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated assets.
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