System and method for providing additional insurance
First Claim
1. A method for providing additional insurance to an insured party to increase a total benefit of insurance, the method comprising:
- receiving information from a prospective insured party, the information including information concerning a primary insurer of the prospective insured party and information concerning a primary life insurance plan issued by the primary insurer to the prospective insured party;
formulating an offer to the prospective insured party for a secondary insurance plan based upon the information concerning the primary insurer and the primary life insurance plan; and
issuing the secondary life insurance plan to the prospective insured upon acceptance of the offer.
1 Assignment
0 Petitions
Accused Products
Abstract
The invention provides a system and method for providing additional insurance to a fully-qualified insured party to increase a total benefit amount of insurance. More particularly, the invention provides a computer system and method for providing additional life insurance to increase a total benefit of life insurance to a fully-qualified insured party based upon an underwriting and medical evaluation performed to assess the eligibility of the insured party for an existing or underlying primary life insurance plan. Additional life insurance according to the invention may be obtained through the internet by remote computers and internet access devices well known in the art.
58 Citations
1 Claim
-
1. A method for providing additional insurance to an insured party to increase a total benefit of insurance, the method comprising:
-
receiving information from a prospective insured party, the information including information concerning a primary insurer of the prospective insured party and information concerning a primary life insurance plan issued by the primary insurer to the prospective insured party;
formulating an offer to the prospective insured party for a secondary insurance plan based upon the information concerning the primary insurer and the primary life insurance plan; and
issuing the secondary life insurance plan to the prospective insured upon acceptance of the offer.
-
Specification