Underwriting insurance
First Claim
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1. A method comprising:
- receiving a first set of information about a user;
displaying a first range of pricing information for a life insurance plan for the user to the user;
receiving a second set of information about the user;
displaying a second range of pricing information for the life insurance plan to the user;
receiving quotes for the life insurance plan from a plurality of insurance carriers; and
displaying the quotes to the user.
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Abstract
Disclosed is an overall process for underwriting insurance. The process can include automated underwriting using rules from a plurality of insurance carriers. Rules can be general, carrier specific, and product specific. Also featured is a reflexive process for questioning a user that is purchasing insurance.
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Citations
40 Claims
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1. A method comprising:
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receiving a first set of information about a user;
displaying a first range of pricing information for a life insurance plan for the user to the user;
receiving a second set of information about the user;
displaying a second range of pricing information for the life insurance plan to the user;
receiving quotes for the life insurance plan from a plurality of insurance carriers; and
displaying the quotes to the user. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A machine-based method of underwriting a life insurance policy for a user comprising:
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obtaining a user profile;
producing a rating for a user profile for each of a plurality of carriers;
recommending to the user a first subset of carriers which produce a satisfactory or better rating;
obtaining a second subset of carriers which are the user'"'"'s selection from the first subset of carriers;
accepting a user for underwriting by each of the second subset of carriers by filtering the user profile against a first plurality of rules of the carrier. - View Dependent Claims (23, 24, 25, 26, 27, 28, 30, 31, 32, 33, 34, 38, 39, 40)
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29. A machine-readable medium having encoded thereon machine-interpretable rules for underwriting life insurance, the rules comprising:
- a) basic rules, each basic rule applicable to a plurality of carriers;
b) carrier-specific rules; and
c) product-specific rules;
wherein the rules enable a machine to automatically underwrite life insurance using a user profile for at least some users.
- a) basic rules, each basic rule applicable to a plurality of carriers;
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35. A method of querying a user about risk during evaluation for life insurance coverage comprising:
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arranging at least one of a plurality of queries in a decision tree, such that a query precedes another query if it is more probable that an unacceptable answer to the rearranged query will result in excluding a user from purchasing insurance coverage; and
issuing at least one rearranged query from the decision tree to a user.
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36. A server comprising a processor, memory, and a communication interface, wherein the communication interface exchanges information with a client system across a network, and the processor is configured to:
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receive a first set of information about a user;
generate display information that enables a client system to display a first range of pricing information for a life insurance plan for the user to the user;
send the display information to the client system;
receive a second set of information about the user;
generate additional display information that enables the client system to display a second range of pricing information for the life insurance plan to the user;
send the additional display information to the client system receive quotes for the life insurance plan from a plurality of insurance carriers; and
send the quotes to the user.
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37. A server comprising a processor, and memory, wherein the memory stores rules for underwriting life insurance, the rules comprising:
- a) basic rules, each basic rule applicable to a plurality of carriers;
b) carrier-specific rules; and
c) product-specific rules; and
the processor is configured to underwrite life insurance using a user profile.
- a) basic rules, each basic rule applicable to a plurality of carriers;
Specification