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Investment-Linked Insurance Apparatus and Method

  • US 20090112636A1
  • Filed: 10/31/2008
  • Published: 04/30/2009
  • Est. Priority Date: 10/31/2007
  • Status: Abandoned Application
First Claim
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1. An investment-linked insurance apparatus, comprising:

  • an insurance process module being configured to receive an insurance request of an applicant, create an investment-linked policy of the applicant, and issue the investment-linked policy in response to a payment of a premium of the applicant, the insurance request including an insurance subject-matter, the investment-linked policy including the insurance subject-matter, an amount of insurance, the premium, a policy period, and a bid record, the bid record comprising a total bid terms, a bid limit, and a predetermined amount;

    a cash flow module being configured to receive the payment of the premium of the applicant;

    a credit evaluation module being configured to determine a credit line of the applicant being greater than the predetermined amount;

    a bid process module being configured to receive a placed bid of a current bid term of the applicant and calculate a predetermined bid of the current bid term; and

    a database being configured to store the investment-linked policy;

    wherein the bid process module is further configured to calculate a current bid amount of the current bid term for the applicant according to the bid limit and one of the placed bid and the predetermined bid.

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