METHOD, SYSTEM AND MEDIA FOR SPECIFIED EXPENSE COVERAGE LIFE INSURANCE POLICIES
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United States of America Patent
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N/A
Issued Date -
Oct 1, 2009
app pub date -
Mar 25, 2008
filing date -
Mar 25, 2008
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method and system provides a life insurance policy for an insured party to a policy owner for the benefit of a beneficiary, where the life insurance policy covers recurring expenses. The method and system includes generating a recurring expense life insurance policy for the policy owner for the benefit of the beneficiary, where the life insurance policy has a defined policy term. The method and system further includes that upon the death of the insured party within the policy term, paying a recurring expense for a benefit period for the beneficiary under the terms of the recurring expense life insurance policy.
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Family
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