System and method for premium optimization and loan monitoring

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United States of America Patent

PATENT NO 5839118
SERIAL NO

08587051

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Abstract

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A system and process linking an external computer with an illustration system of an insurance carrier and a system of an independent lending institution, via modem, to determine the optimal premium structure for a contemplated variable life insurance product using a portion of the policy owner's money and a lending institution loan to finance the premium. The system and process can also provide for simultaneously tracking several variable life insurance policy cash values to ensure each individual policy cash value is adequate for collateral purposes.

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Patent Owner(s)

Patent OwnerAddress
HARTFORD FIRE INSURANCE COMPANYONE HARTFORD PLAZA HARTFORD CT 06115

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Engel, Wendy J Norwalk, CT 6 161
Melamed, Samuel Stamford, CT 3 122
Ryan, Raymond B Darien, CT 12 355

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