Life insurance cooperative
First Claim
1. A method in a server computer connected over a network to a group of participants, where each participant operates a client computer, the method comprising:
- receiving by the server computer a payment for each participant in the group;
associating the payments received for the group with a time period;
calculating by the server computer a designated portion of each payment to allocate to a fund;
creating the fund for the time period by combining the designated portions of the payments;
receiving by the server computer a notification for each participant in a subgroup of the group of participants, the notification indicating that during the time period an event occurred;
calculating by the server computer a portion of the fund to disburse to each participant in the subgroup; and
disbursing the fund to the participants in the subgroup, where the portion of the fund to disburse to each participant in the subgroup is a share of the fund.
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Accused Products
Abstract
A method in a server computer connected over a network to a group of participants, where each participant operates a client computer. The method receives a payment for each participant in the group, associates the payments received for the group with a time period, calculates a designated portion of each payment, and creates a fund for the time period by combining the designated portions of the payments. The method receives a notification for each participant in a subgroup of the group of participants, where the notification indicates that during the time period an event occurred. The method calculates a portion of the fund to disburse to each participant in the subgroup, and disburses the fund to the participants in the subgroup, where the portion of the fund to disburse to each participant in the subgroup is a share of the fund.
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Citations
19 Claims
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1. A method in a server computer connected over a network to a group of participants, where each participant operates a client computer, the method comprising:
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receiving by the server computer a payment for each participant in the group; associating the payments received for the group with a time period; calculating by the server computer a designated portion of each payment to allocate to a fund; creating the fund for the time period by combining the designated portions of the payments; receiving by the server computer a notification for each participant in a subgroup of the group of participants, the notification indicating that during the time period an event occurred; calculating by the server computer a portion of the fund to disburse to each participant in the subgroup; and disbursing the fund to the participants in the subgroup, where the portion of the fund to disburse to each participant in the subgroup is a share of the fund. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A server computer connected over a network to a group of participants, where each participant operates a client computer, comprising:
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a network interface connected to the network for communicating with each participant; a memory device resident in the server computer; and a processor disposed in communication with the network interface and the memory device, the processor configured to; receive at the server computer a payment for each participant in the group; associate the payments received for the group with a time period; calculate at the server computer a designated portion of each payment to allocate to a fund; create the fund for the time period by combining the designated portions of the payments; receive at the server computer a notification for each participant in a subgroup of the group of participants, the notification indicating that during the time period an event occurred; calculate at the server computer a portion of the fund to disburse to each participant in the subgroup; and disburse the fund to the participants in the subgroup, where the portion of the fund to disburse to each participant in the subgroup is a share of the fund. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A computer-readable medium, comprising computer-executable instruction that, when executed on a server computer connected over a network to a group of participants, where each participant operates a client computer, perform the steps of:
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receiving at the server computer a payment for each participant in the group; associating the payments received for the group with a time period; calculating at the server computer a designated portion of each payment to allocate to a fund; creating the fund for the time period by combining the designated portions of the payments; receiving at the server computer a notification for each participant in a subgroup of the group of participants, the notification indicating that during the time period an event occurred; calculating at the server computer a portion of the fund to disburse to each participant in the subgroup; and disbursing the fund to the participants in the subgroup, where the portion of the fund to disburse to each participant in the subgroup is a share of the fund.
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Specification