Method of computerized administration of a life insurance plan using computerized administration supervisory system
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United States of America Patent
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Jul 4, 1995
Grant Date -
N/A
app pub date -
Apr 5, 1993
filing date -
Apr 5, 1993
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system and method which links a premium paying corporate life insurance plan with a voluntary employee group life plan. The system and process manage a split of premiums of a single life insurance policy between an employer and an employee in such a way as to provide an employee with a designated death benefit but also to allow the employer to invest funds in the cash value of the single life insurance contract to fund the group life benefit.
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Family
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Cited Art Landscape
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