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METHODS FOR SELLING INSURANCE USING HYBRID LIFE

  • US 20090182583A1
  • Filed: 01/14/2008
  • Published: 07/16/2009
  • Est. Priority Date: 01/14/2008
  • Status: Active Grant
First Claim
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1. A method of providing life insurance, the method comprising:

  • receiving identification information and underwriting information associated with a person on an application for life insurance covering the person'"'"'s life;

    performing at least one database query based on the underwriting information to produce a query result;

    determining that the person qualifies for life insurance based on the query result;

    providing the life insurance from a life insurance provider, the life insurance having a first coverage period beginning on a policy issue date and an extended coverage period, the policy issue date and the first coverage period being chronologically prior to the extended coverage period;

    providing life insurance coverage beginning on the policy issue date and continuing through the first coverage period without requiring medical test results associated with the person; and

    providing life insurance coverage during the extended coverage period if the medical test results associated with the person are satisfactory and are received after the policy issue date and before the end of the first coverage period.

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