ROBERT M SAUNDERS
Accountancy in Westfield, NJ
License number
New Jersey 20CC01672500
Issued Date
Jan 4, 1988
Expiration Date
Dec 31, 2017
Category
Accountancy
Type
Certified Public Accountant
Address
Address
Westfield, NJ
Personal information
See more information about ROBERT M SAUNDERS at radaris.comName
Address
Phone
1409 Walnut Ave, Voorhees, NJ 08043
1801 4Th St, Voorhees, NJ 08043
805 Knollwood Ter, Westfield, NJ 07090
Organization information
See more information about ROBERT M SAUNDERS at bizstanding.comRobert M Saunders CPAs, LLC
241 N Ave W, Westfield, NJ 07090
Industry:
Accountant
Registration:
1993
Site:
Phone:
(908) 233-7900 (Phone)
Description:
Our firm offers a wide range of services to our individual and business clients. Because our firm is relatively small, our clients benefit by getting personalized, quality service that is beyond compa...
Robert Saunders
Open Hours:
Mon 09:00 AM - 05:00 PM, Tue 09:00 AM - 05:00 PM, Wed 09:00 AM - 05:00 PM, ...
Licensed:
Yes
Service area:
We serve clients in northern and central New Jersey, as well as New York City.
Free estimates:
Ask for details
Senior discount:
No
Professional information
Investment Style Life Insurance Product That Allows Consumer To Control And Replace Individual Policy Components
US Patent:
2002016, Nov 7, 2002
Filed:
May 4, 2001
Appl. No.:
09/849297
Inventors:
Robert Saunders - Westfield NJ, US
International Classification:
G06F017/60
US Classification:
705/004000
Abstract:
A method enables a consumer to purchase an investment style life insurance policy, in which the individual components can be controlled and/or replaced by the consumer. A consumer first purchases a term life insurance policy. This term life insurance policy can be purchased from any source, including the issuer of the investment style life insurance policy. This term life insurance policy is then transferred to the issuer of the investment style life insurance policy. The transfer enables the recipient (i.e., the issuer) to receive any and all benefits under the term life insurance policy. In return, the issuer issues an investment style life insurance policy to the consumer whose insurance amount equals the face amount of the term life insurance policy originally held by the consumer. The consumer may also transfer other assets/rights/liabilities to the issuer along with the term life insurance policy. In return, the issuer issues an investment style life insurance policy whose underlying investments include the same or similar assets/rights/liabilities. Thus, the consumer can control the type of assets/rights/liabilities underlying the investment style life insurance policy. The issuer may charge a flat fee for the transaction, which is not based on actuarial data. Because the issuer reissues a reciprocal life insurance (or combination investment style insurance) policy to the consumer, there is no need for the issuer to perform actuarial calculations. As term life insurance rates decrease, the consumer can replace the life insurance component with a more inexpensive policy, thereby ensuring the consumer is always capable of receiving the best term life insurance rates available.
Investment Style Life Insurance Product With Replacable Individual Policy Components
US Patent:
2009007, Mar 19, 2009
Filed:
Sep 15, 2008
Appl. No.:
12/211055
Inventors:
Robert Miles Saunders - Westfield NJ, US
Assignee:
RMS HOLDING CO., LLC - Westfield NJ
International Classification:
G06Q 40/00
US Classification:
705 4
Abstract:
The present invention includes a data model which supports database operations that are associated with an insurance product issued by an issuer that provides a consumer with an ability to purchase an investment style life insurance policy, the individual components of which (e.g., term insurance, investments, cash and fees) can be controlled and/or replaced by the consumer. The data model enables the individual components to be tracked by the issuer so that the correct insurance coverage and investment returns are provided (and appropriate fees levied) as the consumer makes changes to the individual insurance policy components.