Virtual finance/insurance company

• US 20030187768A1
• Filed: 10/01/2002
• Published: 10/02/2003
• Est. Priority Date: 10/03/2001
• Status: Abandoned Application

• Current Assignee: Raymond D. Ryan
• Original Assignee: Raymond D. Ryan
• Inventors: Ryan, Ronald D., Marquart, Ronald G.
• Application Number:
  US10/262,185
• Publication Number:
  US 20030187768A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A machine, method, and necessary data intermediates produced thereby, for making a sale of a financial product by computers interacting over an Internet-type network. One computer (preferably at a virtual financial/insurance company), communicates with a person'"'"'s computer to determine a financial need of the person. The interacting can include: associating a financial product with the need; disclosing the cost of the financial product to the person; and automatically triggering delivery of the financial product. A wide range of financial products are supported, particularly investments and insurance.

Claims

1. A method for making a sale of a financial product by computer, the method including the steps of:

interacting over an Internet-type network with a person'"'"'s computer to determine a financial need of the person, said interacting including the sub-steps of;

associating a financial product with the need;

disclosing the cost of the financial product to the person; and

automatically triggering delivery of the financial product.

2. The method of claim 1, further including the sub-step of:

handling an application to enable carrying out the triggering step.

3. The method of claim 1, further including the sub-step of:

automatically taking payment for the financial product.

4. The method of claim 1, wherein the step of interacting is carried out by using a data persistent architecture.

5. An apparatus for making a sale of a financial product by computer, apparatus including:

a computer interacting over an Internet-type network with a person'"'"'s computer;

a computer program controlling the interacting by responsively determining a financial need of the person, associating a financial product with the need, disclosing the cost of the financial product to the person; and

triggering delivery of the financial product.