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Life Insurance Patent Issued for Future System Advisors, LLC
Thursday, December 04, 2008
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 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 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 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 Planning Process, which helps to position the use of FutureSystem Life Model policies and is available to be licensed by advisors. To learn more, visit the FSA website at www.futuresystem.com.
About Future System Advisors, LLC
FSA develops life insurance product models and wealth management planning systems. These planning systems and product models had been developed over the past 15 years by a group of professionals including financial planners, tax attorneys, tax CPAs, investment advisors, and life insurance agents. Visit the FSA website at www.futuresystem.com.
Reinsurance Group of America, Incorporated, through its various operating subsidiaries, is among the largest global providers of life reinsurance. In addition to its U.S. operations, Reinsurance Group of America, Incorporated has subsidiary companies or offices in Australia, Barbados, Bermuda, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Malaysia, Mexico, Poland, South Africa, South Korea, Spain, Taiwan, and the United Kingdom. Worldwide, the company reported approximately $2.2 trillion of life reinsurance in force and assets of $22.4 billion at June 30, 2008.
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