Preferred life mortality systems and methods
First Claim
1. A process for determining preferred life mortality, comprising the steps of:
- electronically synthesizing mortality data from a plurality of insurance carriers; and
automatically generating one or more interactive analyses of the mortality data in response to user inputs defining one or more preferred life risk scenarios.
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Accused Products
Abstract
The invention provides systems and methods for determining preferred life mortality analyses. Mortality data is electronically synthesized from a plurality of insurance carriers. A data engine processes the mortality data and synthesizes benchmark data to present the analyses, preferably in graphical form such as a data cube. User inputs at remote computers provide access to secure data in the database; these inputs may request the analyses relative to one or more preferred life risk scenarios, such as age, height, weight, gender, blood pressure, cholesterol, familial cancer history, familiar history of heart attack, familial history of stroke, smoker or non-smoker status, and smoking history. The analyses may assist in assessing appropriate monetary reserves for an insurance carrier, and/or pricing for insurance products.
55 Citations
36 Claims
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1. A process for determining preferred life mortality, comprising the steps of:
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electronically synthesizing mortality data from a plurality of insurance carriers; and
automatically generating one or more interactive analyses of the mortality data in response to user inputs defining one or more preferred life risk scenarios. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
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23. A system for determining preferred life mortality, comprising:
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a secure database for storing policy-level demographic data of individual insured lives, the data deriving from two or more insurance carriers and being normalized to one or more classifications of risk; and
a software application for synthesizing the data to generate one or more analyses of the data in response to user inputs at a computer networked with the secure database. - View Dependent Claims (24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
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35. An interactive system for presenting synthesized preferred life mortality data to computers networked thereto, comprising:
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means for inputting and storing mortality data from a plurality of insurance carriers; and
means for processing the data with one or more actuarial tables to interactively and graphically generate analyses relative to user selected life risk scenarios. - View Dependent Claims (36)
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Specification