Computer system for automated comparing of universal life insurance policies based on selectable criteria
DCFirst Claim
1. A method for using a digital computer processing electrical signals, the method comprising the steps of:
- modifying electrical signals in a a digital electrical computer having a programmed processor, means for inputting data electrically connected to the computer, and means for outputting processed data electrically connected to the computer, the modifying being carried out by;
entering first data representing a first universal life insurance policy at the means for inputting data to the computer so as to convert the entered first data into electrical signals for processing by the computer;
entering second data representing a second universal life insurance policy at the means for inputting data to the computer so as to convert the entered second data into electrical signals for processing by the computer;
entering selection data representing at least one criteria for selecting between the universal life insurance policies at the means for inputting data to the computer so as to convert the entered selection data into electrical signals for processing by the computer;
engaging the programmed processor to modify electrical signals in the computer so as to compute to produce electrical signals representing processed data for each said universal life insurance policy in accordance with the entered selection criteria;
engaging the programmed processor to modify electrical signals in the computer so as to compare the processed data in accordance with the selection data to form electrical signals representing a selection between the insurance policies; and
converting the electrical signals representing the selection into output at the means for outputting processed data.
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Abstract
A computerized system for initiating, processing, preparing, storing, and transmitting illustrations of universal life insurance. A computer accesses a database into which data is written and from which data is read, the data including information regarding the life to be insured, general applicant information, insurance information and predetermined text data for incorporation into insurance illustrations. The computer is operable by connecting to the database and at least one other digital computer, including input and display apparatus, to permit data to be entered in and retrieved from the database. The computer is also provided with the capability of merging entered or stored data with the predetermined text data to compile the data and text into output embodying an illustration of life insurance.
552 Citations
52 Claims
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1. A method for using a digital computer processing electrical signals, the method comprising the steps of:
modifying electrical signals in a a digital electrical computer having a programmed processor, means for inputting data electrically connected to the computer, and means for outputting processed data electrically connected to the computer, the modifying being carried out by; entering first data representing a first universal life insurance policy at the means for inputting data to the computer so as to convert the entered first data into electrical signals for processing by the computer; entering second data representing a second universal life insurance policy at the means for inputting data to the computer so as to convert the entered second data into electrical signals for processing by the computer; entering selection data representing at least one criteria for selecting between the universal life insurance policies at the means for inputting data to the computer so as to convert the entered selection data into electrical signals for processing by the computer; engaging the programmed processor to modify electrical signals in the computer so as to compute to produce electrical signals representing processed data for each said universal life insurance policy in accordance with the entered selection criteria; engaging the programmed processor to modify electrical signals in the computer so as to compare the processed data in accordance with the selection data to form electrical signals representing a selection between the insurance policies; and converting the electrical signals representing the selection into output at the means for outputting processed data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26)
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27. A digital computer apparatus for processing electrical signals, the apparatus comprising:
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a digital electrical computer having a programmed processor modifying electrical signals, means for inputting data electrically connected to the computer, and means for outputting processed data electrically connected to the computer; wherein said programmed processor enables; entering first data representing a first universal life insurance policy at the means for inputting data to the computer so as to convert the entered first data into electrical signals for processing by the computer; entering second data representing a second universal life insurance policy at the means for inputting data to the computer so as to convert the entered second data into electrical signals for processing by the computer; entering selection data representing at least one criteria for selecting between the universal life insurance policies at the means for inputting data to the computer so as to convert the entered selection data into electrical signals for processing by the computer; modifying electrical signals in the computer so as to compute to produce electrical signals representing processed data for each said universal life insurance policy in accordance with the entered selection criteria; modifying electrical signals in the computer so as to compare the processed data in accordance with the selection data to form electrical signals representing a selection between the insurance policies; and converting electrical signals representing the selection into output at the means for outputting processed data. - View Dependent Claims (28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52)
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Specification