METHOD AND SYSTEM FOR OPERATING AN INSURANCE PROGRAM TO INSURE A PERFORMANCE BONUS OF A PERSON

• US 20100250281A1
• Filed: 03/11/2010
• Published: 09/30/2010
• Est. Priority Date: 03/11/2009
• Status: Active Grant

• Current Assignee: Vitality Group International, Inc. (Discovery Limited)
• Original Assignee: Discovery Holdings Limited (Prudential PLC)
• Inventors: GORE, Adrian, MAYERS, Herschel Phillip
• Granted Patent: US 8,131,568 B2
• Time in Patent Office: Days
• US Class Current: 705/3
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method, information processing system, and computer readable storage medium operate an insurance program to insure a performance bonus of an insured person against an insured event. A set of percentage bonus information is received. The set of performance bonus information indicates a percentage of an annual salary that is received by the insured person as a performance bonus in a predetermined prior period. In addition, a set of health program status information is received and associated with the insured person. At least the set of percentage bonus information and the set of health program status information are used to determine a portion or more of an annual salary of the insured person payable as an insured performance bonus in the event of the insured event.

Claims

1. A method for operating an insurance program to insure a performance bonus of an insured person against an insured event, the method comprising:

receiving a set of percentage bonus information, wherein the set of percentage bonus information indicates a percentage of an annual salary received by the insured person as a performance bonus in a predetermined prior period;

receiving a set of health program status information associated with the insured person; and

determining, based at least the set of percentage bonus information and the set of health program status information, at least a portion of an annual salary of the insured person payable as an insured performance bonus in an event of the insured event.

2. The method of claim 1, further comprising:

receiving information indicative of a current annual salary of the insured person.

3. The method of claim 2, further comprising:

receiving a set of percentage data, wherein the set of percentage data indicates the percentage of the annual salary which the insured person received as a performance bonus in each year in a predetermined period prior to a current year; and

determining an average percentage of the percentage data received.

4. The method of claim 3, wherein the predetermined period is three years.

5. The method of claim 1, wherein the insured event is at least one of a death, an illness, and a disability.

6. The method of claim 1, further comprising:

determining, based on the set of health program status information, a percentage corresponding to a particular status of the insured person with respect to the health program.

7. The method of claim 1, further comprising:

determining, based on the insured performance bonus, an insurance premium payable by the insured person.

11. The method of claim 1, wherein the insured event is at least one of a death, an illness, and a disability.

8. An information processing system for operating an insurance program to insure a performance bonus of an insured person against an insured event, the information processing system comprising:

a memory;

a processor communicatively coupled to the memory; and

a performance bonus insuring manager communicatively coupled to the memory and the processor, wherein the performance bonus insuring manager for;

receiving a set of percentage bonus information, wherein the set of percentage bonus information indicates a percentage of an annual salary received by the insured person as a performance bonus in a predetermined prior period;

receiving a set of health program status information associated with the insured person; and

determining, based at least the set of percentage bonus information and the set of health program status information, at least a portion of an annual salary of the insured person payable as an insured performance bonus in an event of the insured event,

wherein the set of health program status information is determined by;

loading member application forms in a computer system managed by an insurance provider insuring the person, wherein a default setting is for all members to be opted-in to receive rewards based on accumulated credit values exceeding predetermined values;

receiving, at the computer system managed by the insurance provider, one of a premium payment and a contribution payment from members of a medical insurance plan, wherein the insurance provider undertakes liability in the medical insurance plan in response to receiving one of the premium payment and the contribution payment;

providing at least one of relevant health services and assistance in defraying expenses incurred in connection with rendering such relevant health services, by the computer system managed by the insurance provider to members who pay at least one of the premium payment and the contribution payment;

defining, by the computer system managed by the insurance provider, at least one of a plurality of health-related facilities and a plurality of health-related services to be associated with the medical insurance plan;

offering, by the computer system managed by the insurance provider, the at least one of a plurality of health-related facilities and a plurality of health-related services to members of the medical insurance plan;

monitoring, by the computer system managed by the insurance provider, usage of the at least one of a plurality of health-related facilities and a plurality of health-related services by at least the insured person;

allocating, by the computer system managed by the insurance provider in response to the monitoring, a credit value to the insured person according to the insured person'"'"'s use of the at least one of a plurality of health-related facilities and a plurality of health-related services, wherein the set of health program status information is based at least on the credit value; and

allocating, by the computer system managed by the insurance provider, rewards to the insured person who accumulate credit values exceeding predetermined values.

9. The information processing system of claim 8, wherein the performance bonus insuring manager is further for:

receiving information indicative of a current annual salary of the insured person.

10. The information processing system of claim 9, wherein the performance bonus insuring manager is further for:

receiving a set of percentage data, wherein the set of percentage data indicates the percentage of the annual salary which the insured person received as a performance bonus in each year in a predetermined period prior to a current year; and

determining an average percentage of the percentage data received.

12. The information processing system of claim 8, wherein the performance bonus insuring manager is further for:

determining, based on the set of health program status information, a percentage corresponding to a particular status of the insured person with respect to the health program.

13. The information processing system of claim 8, wherein the performance bonus insuring manager is further for:

determining, based on the insured performance bonus, an insurance premium payable by the insured person.

14. A computer readable storage medium for operating an insurance program to insure a performance bonus of an insured person against an insured event, the computer readable store medium comprising instructions to perform a method comprising:

receiving a set of percentage bonus information, wherein the set of percentage bonus information indicates a percentage of an annual salary received by the insured person as a performance bonus in a predetermined prior period;

receiving a set of health program status information associated with the insured person; and

determining, based at least the set of percentage bonus information and the set of health program status information, at least a portion of an annual salary of the insured person payable as an insured performance bonus in an event of the insured event.

15. The computer readable storage medium of claim 14, further comprising:

receiving information indicative of a current annual salary of the insured person.

16. The computer readable storage medium of claim 15, further comprising:

receiving a set of percentage data, wherein the set of percentage data indicates the percentage of the annual salary which the insured person received as a performance bonus in each year in a predetermined period prior to a current year; and

determining an average percentage of the percentage data received.

17. The computer readable storage medium of claim 16, wherein the predetermined period is three years.

18. The computer readable storage medium of claim 14, wherein the insured event is at least one of a death, an illness, and a disability.

19. The computer readable storage medium of claim 14, further comprising:

determining, based on the set of health program status information, a percentage corresponding to a particular status of the insured person with respect to the health program.

20. The computer readable storage medium of claim 14, further comprising:

determining, based on the insured performance bonus, an insurance premium payable by the insured person.