Metropolitan Life Insurance Co. Patent applications |
Patent application number | Title | Published |
20160063642 | USE OF DRONES TO ASSIST WITH INSURANCE, FINANCIAL AND UNDERWRITING RELATED ACTIVITIES - An unmanned insurance drone can include a drone body and a sensor unit disposed on the drone body to collect sensor data. An on-board data processor converts the sensor data into insurance related information, and a wireless communication unit in communication with the data processor to transmit the insurance related information. In another example, the data processor may not be on the drone but remotely located. The location can be with the pilot or a control collection location. If the insurance related information is separate from the drone, than the wireless communication unit can transmit the raw sensor data to the processor. | 03-03-2016 |
20150187017 | VISUAL ASSIST FOR INSURANCE FACILITATION PROCESSES - A wearable communication device that is selectively configured to assist in the implementation of insurance claims processing. The device is capable of voice-activated or touch-activated insurance claim processing instructions and assisting the user in implementing insurance processing function such as damage appraisals and the like. | 07-02-2015 |
20150121453 | SYSTEM AND METHOD FOR NEW DATABASE PERMITTING - The design and implementation of databases within enterprises is a crucial process, but is often resource intensive and often times unnecessary as existing databases may be utilized to serve the same goals. Tracking existing databases and assessing the design specifications of proposed databases is a complex decision making process. Disclosed is a system and computer-based method for systematically controlling the approval, creation and modification of databases. The system provides a policy for enterprise governance control for database proliferation and a tool for comparing database requests to and against existing database assets. | 04-30-2015 |
20140297561 | METHOD AND SYSTEM FOR ESTABLISHING, MONITORING, AND RESERVING A GUARANTEED MINIMUM VALUE RETURN ON SELECT INVESTMENTS - The present invention provides a method and system for assuring a minimal guaranteed return on long-term investments, such as mutual funds or variable annuities. The invention includes a method and system for pricing, administration, customer presentation, and reserving relating to the guaranteed minimum return assurance. In addition, the present invention includes a method and system for allowing individual investors to control and easily change their typical asset allocation strategies. In order to accomplish the minimum guaranteed return, the present invention also includes sophisticated projection techniques, such as Monte Carlo simulation of investment performance. The present invention also includes features that allow the tracking of payments and removal of overcontributions from selected accounts, use of reserving techniques, optimizing investment diversification, proposal, issue, and administration of variable annuity riders, such as guaranteed minimum variable income benefit riders and guaranteed minimum income benefit riders, linkable to guaranteed minimum death benefits, and establish a charge for the guarantee. | 10-02-2014 |
20140164024 | SYSTEM AND METHOD FOR ENHANCED INSURANCE SELECTION - Disclosed is a system and computer based method to provide an intuitive interface that educates users about risk management needs, and/or assists users in selecting proper risk management instruments. In a preferred embodiment, the system include a tool that allows customers to easily plan for key events in life, such as buying a home, starting a family, educating their kids, retiring; exposes customers to some of the risks in life, such as health problems, accidents, income loss and unexpected costs; and provides risk management product recommendations and personal quotes. | 06-12-2014 |
20130173312 | SYSTEM AND METHOD FOR FLEXIBLE TERM RIDERS FOR RISK MANAGEMENT PRODUCTS - The present disclosure comprises a method implemented on a program-controlled computer processor and a system for generating and processing life insurance policies with a whole life component and a term life component. In one embodiment, the system will provide a rider (or “flex term rider”) for whole life policies that allows the initial policy to be blended with term life insurance. The percentage of the term life coverage may vary; for example, 50% of the coverage can be term life insurance. The lower the percentage of term life in the product blend, the higher the premiums will be. | 07-04-2013 |
20110112967 | SYSTEM AND METHOD FOR REMOTE DEPOSIT CAPTURE - A system includes one or more remote check deposit locations, and one or more treasury receipt servers to receive check information captured from the one or more remote check deposit locations, and to receive transaction data from an originating depository financial institution (ODFI), the transaction data including an amount of funds available from clearing the captured check information | 05-12-2011 |
20100076792 | Systems and Methods for Determination of Long Term Care Benefits - In one aspect, the invention comprises a computer implemented method comprising: (a) determining an average monthly cost of long term care for a consumer; (b) determining an estimated total cost of long term care for the consumer; (c) receiving and storing in a computer readable medium data describing the consumer's preferences regarding long term care resources; (d) calculating with a processor an initial benefit amount for the consumer; (e) adjusting with a processor the initial benefit amount based on the data describing the consumer's preferences to determine a total benefit amount; and (f) recommending a long term care policy providing the total benefit amount to the consumer, wherein the processors may the same processor or different processors. Other aspects of the invention comprise related method, computer system, and software embodiments. | 03-25-2010 |
20090132331 | System and method for workflow management - A system includes a data storage medium to store a plurality of user profiles and at least one work project, each of the work project including at least one task that is characterized by a task definition, and a processor to receive a request for work from a user, the processor including a task management engine to allocate the at least one task to the user based on the user profile and the task definition in response to the request for work. | 05-21-2009 |
20080288383 | System and process for protected retirement asset management - In one aspect, the invention comprises a system for the management and administration of a longevity policy funded by a retirement account comprising: (a) a means for creating a customized longevity policy by predicting future economic performance based on client data and (b) a means of servicing the customized longevity policy. In another aspect, the invention comprises a method of funding and administering a longevity policy comprising: (a) creating a longevity policy; (b) transferring the asset fee from a retirement account to the longevity policy on a systematic basis; (c) providing statements regarding the longevity policy; (d) distributing benefit payments to the longevity policy holder on a systematic basis; (e) allowing the asset fee and starting age to be adjusted. | 11-20-2008 |