JAMES ROBERT PICKARD
Accountancy in Delaware
License number
Pennsylvania CA023065L
Category
Accountancy
Type
Certified Public Accountant
Address
Address
2
Delaware
Marple Township, PA 19008
Marple Township, PA 19008
Professional information
Method And System For Pricing And Marketing Financial Products
US Patent:
7966198, Jun 21, 2011
Filed:
Dec 28, 2005
Appl. No.:
11/320284
Inventors:
James Pickard - Broomall PA, US
Edward Johnston - Malvern PA, US
Richard Dutton - Bala Cynwyd PA, US
Ronald Lafkoski - Quakertown PA, US
Edward Johnston - Malvern PA, US
Richard Dutton - Bala Cynwyd PA, US
Ronald Lafkoski - Quakertown PA, US
Assignee:
Mass Marketing Insurance Group - Wayne PA
International Classification:
G06Q 40/00
US Classification:
705 4, 705 35
Abstract:
A method and system for pricing, designing, and marketing, insurance policy contracts is disclosed. The policy contracts comprise a first period of coverage for a first benefit amount for which a premium is paid to an insurer on behalf of an insured person by a sponsoring organization and a second period of coverage for a second benefit amount for which a premium is paid to the insurer by the insured person, wherein prior to the first period of coverage, the insurer obtains authorization from the insured to have premiums for the second period paid automatically from an account, comprising the steps of charging the sponsoring organization a premium for the first period of coverage upon entering into a policy contract between the insurer and the insured, and automatically charging one or more premiums to the account of the insured at the end of the first period and during the second period of coverage.