BATON ROUGE, La.,Future System Advisors, LLC (FSA) is pleased to announce that on November 18, 2008 the U.S. Patent and Trademark Office issued a patent based on the FutureSystem(TM) Life Model (FSLM). The patent had been pending since 1999.
The FSLM is an entirely new form of life insurance that solves many of the problems caused by traditional product chassis, such as U.L. and V.U.L. RGA Financial Group, an affiliate of Reinsurance Group of America (RGA) licensed the intellectual property of the FutureSystem(TM) actuarial model, built a pricing prototype based on the model, and is offering to insurance companies a turn-key service to develop for them a line of FutureSystem(TM) Life products.
RGA has already built two FSLM products that are on the market through a major life insurance company and is currently in discussions with other companies. FSA also has a patent application pending for the FutureSystem(TM) Planning Process, which helps to position the use of FutureSystem(TM) Life Model policies and is available to be licensed by advisors. To learn more, visit the FSA website at www.futuresystem.com.
Source:http://www.marketwatch.com/news/story
1 comment:
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