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Systems and methods for providing a cash value adjustment to a life insurance policy

  • US 8,612,263 B1
  • Filed: 12/19/2008
  • Issued: 12/17/2013
  • Est. Priority Date: 12/21/2007
  • Status: Active Grant
First Claim
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1. A computer processing system that performs a cash value adjustment to a life insurance policy issued by an insurer and owned by a policy owner, the computer processing system comprising:

  • a computer processor executing;

    a communication portion;

    a relationship processing portion;

    a re-underwriting analysis portion; and

    a cash value adjustment portion;

    the communication portion inputs parameters of a life insurance policy, the parameters including controlling parameters, and the controlling parameters including;

    a constraint dictated parameter of the life insurance policy; and

    a driven parameter of the life insurance policy;

    the relationship processing portion analyzes a relationship between the constraint dictated parameter and the driven parameter;

    the re-underwriting analysis portion performs a re-underwriting of the life insurance policy using the parameters of the life insurance policy and a set of re-underwriting criteria, the set of re-underwriting criteria including a constraint relationship, the constraint relationship constituting a relationship between certain of the parameters of the life insurance policy, the re-underwriting analysis portion generating re-underwritten policy data to constitute a re-underwritten policy;

    the relationship processing portion determining a magnitude of change, resulting from the re-underwriting, in the constraint dictated parameter;

    the cash value adjustment portion performs an adjustment of the driven parameter based on the magnitude of change, before and after the re-underwriting, in the constraint dictated parameter, the adjustment being performed to maintain the relationship between the constraint dictated parameter and the driven parameter under a formula agreed upon by the life insurance policy insurer and the policy owner; and

    the communication portion outputting the re-underwritten policy data of the re-underwritten policy along with the adjusted constraint dictated parameter and the adjusted driven parameter; and

    wherein the computer processing system is in a form of a computer processing system that processes insurance related information.

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