System and Method for Managing a Long Term Care Rider for Whole Life Insurance Policy
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jun 26, 2014
app pub date -
Dec 21, 2012
filing date -
Dec 21, 2012
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for managing a whole life insurance policy with a rider for providing an accelerated benefit for covered long term care expenses. The system and method provides for accelerated benefits to be tracked and maintained as a lien against the death benefit of the whole life insurance policy. The lien does not directly affect the face value of the whole life insurance policy and permits dividends to continue to be earned from the whole life insurance policy. The lien is applied against the death benefit and serves to reduce the cash value provided should the policy be surrendered.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Advertisement
Advertisement
Advertisement
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully