METHOD OF MANAGING A LIFE INSURANCE PLAN AND A SYSTEM THEREFOR
First Claim
Patent Images
1. A method of managing a life insurance plan, the method including:
- receiving a premium from an insured life;
on occurrence of an insured event to the insured life, paying out a predetermined amount to the insured life; and
on occurrence of an insured event to a parent of the insured life, paying out a predetermined amount to the insured life.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of managing a life insurance plan includes receiving a premium from an insured life. On occurrence of an insured event to the insured life, a predetermined amount is paid out to the insured life and on occurrence of an insured event to a parent of the insured life a predetermined amount is paid out to the insured life.
-
Citations
12 Claims
-
1. A method of managing a life insurance plan, the method including:
-
receiving a premium from an insured life; on occurrence of an insured event to the insured life, paying out a predetermined amount to the insured life; and on occurrence of an insured event to a parent of the insured life, paying out a predetermined amount to the insured life. - View Dependent Claims (2, 3, 4, 11, 12)
-
-
5. An electronic system for managing a life insurance plan includes:
-
a memory for storing; information relating to premiums received from an insured life; and information relating to parents of the insured life; and a processor disposed in communication with the memory, the processor being adapted to; receive data indicating the occurrence of an insured event to the insured life, and in response thereto to effect the paying out of a predetermined amount to the insured life; and receive data indicating the occurrence of an insured event to a parent of the insured life, and in response thereto to effect the paying out of a predetermined amount to the insured life. - View Dependent Claims (6, 7, 8, 9, 10)
-
Specification