System and methods for providing additional insurance
0 Assignments
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.
7 Citations
27 Claims
-
1. (canceled)
-
2. A method of providing additional insurance for one or more persons as a secondary insurance policy provided by a secondary insurer based on an underwriting approval of said one or more persons provided by a primary insurer for a primary insurance policy, the method comprising:
-
receiving input information identifying said one or more persons and at least one secondary benefit amount provided by said secondary insurance policy; processing said input information into output information defining said secondary insurance policy, said secondary insurance policy being issued by said secondary insurer, said secondary insurer being a different insuring entity from said primary insurer, and said secondary insurance policy being a separate policy from said primary insurance policy, wherein said processing said input information into said output information includes a determination by said secondary insurer to determine if said secondary insurer can rely upon said underwriting approval of said primary insurer for said primary insurance policy in order to provide said secondary insurance policy, and if said secondary insurer can rely upon said underwriting approval of said primary insurer based upon said determination, using said output information to define and to issue said secondary insurance policy, said secondary insurance policy creating an obligation of said secondary insurer to pay at least a portion of said at least one secondary benefit amount. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25)
-
-
26. A method of providing additional insurance for one or more persons as a secondary insurance policy provided by a secondary insurer based on an underwriting approval of said one or more persons provided by a primary insurer for a primary insurance policy, the method comprising:
-
receiving input information identifying said one or more persons and at least one secondary benefit amount provided by said secondary insurance policy; processing said input information into output information defining said secondary insurance policy, said secondary insurance policy being issued by said secondary insurer, said secondary insurer being a different insuring entity from said primary insurer, and said secondary insurance policy being a separate policy from said primary insurance policy, wherein said processing said input information into said output information includes a determination by said secondary insurer to determine if said secondary insurer can rely upon said underwriting approval of said primary insurer for said primary insurance policy in order to provide said secondary insurance policy, and if said secondary insurer can rely upon said underwriting approval of said primary insurer based upon said determination, using said output information to define and to issue said secondary insurance policy, said secondary insurance policy creating an obligation of said secondary insurer to pay at least a portion of said at least one secondary benefit amount, wherein said payment obligation of at least a portion of said at least one secondary benefit amount would be paid irrespective of said primary insurer paying or not paying at least a portion of at least one benefit amount provided by said primary insurance policy.
-
-
27. A method of providing additional insurance for one or more persons as a secondary insurance policy provided by a secondary insurer based on an underwriting approval of said one or more persons provided by a primary insurer for a primary insurance policy, the method comprising:
-
receiving input information identifying said one or more persons and at least one secondary benefit amount provided by said secondary insurance policy; processing said input information into output information defining said secondary insurance policy, said secondary insurance policy being issued by said secondary insurer, said secondary insurer being a different insuring entity from said primary insurer, and said secondary insurance policy being a separate policy from said primary insurance policy, wherein said processing said input information into said output information includes a determination by said secondary insurer to determine if said secondary insurer can rely upon said underwriting approval of said primary insurer for said primary insurance policy in order to provide said secondary insurance policy, and if said secondary insurer can rely upon said underwriting approval of said primary insurer based upon said determination, using said output information to define and to issue said secondary insurance policy, said secondary insurance policy creating an obligation of said secondary insurer to pay at least a portion of said at least one secondary benefit amount, wherein said payment obligation of at least a portion of said at least one secondary benefit amount would be paid if said primary insurer pays at least a portion of at least one benefit amount provided by said primary insurance policy.
-
Specification