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Systems and methods for configuring a life insurance system

  • US 10,482,538 B1
  • Filed: 10/27/2015
  • Issued: 11/19/2019
  • Est. Priority Date: 10/27/2014
  • Status: Active Grant
First Claim
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1. A method comprising:

  • receiving, at a computer system with a processor, an application from a consumer for a life insurance policy;

    generating, by the computer system with the processor, a self-executing smart contract configured to activate the life insurance policy based on occurrence of an activation trigger, wherein the activation trigger is a predetermined event comprising the consumer turning a threshold age;

    receiving, by the computer system with the processor, a notification of the activation trigger; and

    based on the receiving the notification of the activation trigger, transmitting, by the computer system with the processor and to a device associated with the consumer, a notification indicative of the life insurance policy.

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