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Managing a life insurance investment

  • US 8,306,899 B2
  • Filed: 08/07/2001
  • Issued: 11/06/2012
  • Est. Priority Date: 08/07/2000
  • Status: Expired due to Fees
First Claim
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1. A method of managing a policyholder'"'"'s investment in a life insurance fund managed by an insurance entity, the method comprising:

  • executing, with a processor on an information processing system, the followingrecording a selection by a policyholder of a recurring premium risk insurance policy providing a basic sum assured to be paid in response to an event comprising at least one of a death of the policyholder and the policyholder attaining a prescribed age;

    setting an initial investment of the policyholder in an insurance fund as correlated to the basic sum assured;

    calculating a periodic basic premium based on the basic sum assured;

    recording a selection of at least one predefined index;

    linking the initial investment of the policyholder in the insurance fund to the predefined index;

    periodically adjusting the initial investment of the policyholder in the insurance fund correlated with movements of the predefined index, wherein adjusting the initial investment creates an adjusted initial investment;

    maintaining the adjusted initial investment in the insurance fund as an amount to be paid in the event comprising at least one of the death of the policyholder and the policyholder attaining the prescribed age;

    calculating an additional premium based upon at least a performance of the initial investment of the policyholder in the insurance fund to the predefined index;

    combining the basic premium which has been previously calculated and the additional premium which has been previously calculated to obtain a composite premium; and

    periodically charging the policyholder the composite premium as a recurring premium of the recurring premium risk insurance policy selected by the policyholder.

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