Dynamic policy illustration system
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United States of America Patent
Stats
-
Sep 21, 1999
Grant Date -
N/A
app pub date -
Jan 7, 1997
filing date -
Jan 7, 1997
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A dynamic, user friendly insurance policy illustration system for computing and graphically displaying the future values of a model life insurance policy. Key variables are entered and a graphic display of future values is instantly displayed. Variable keys can be selected to recalculate or solve for a certain stated policy performance, or variables can be entered and changed at will to display various 'what if' life insurance scenarios. Variables can be rapidly moved through a range of values to create a 'move' of the illustrated values changing from variable 'A' to 'B.' The dynamic policy illustration system has built-in tables which can be used to view the effect various economic changes may have on a life insurance illustration. In addition, the dynamic policy illustration system includes an interactive expectations assessment process that uses a questionnaire, inferences and feedback for educating the user about life insurance and thereby leads the user to the most suitable life insurance policy selection based on his/her responses.
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Family
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Cited Art Landscape
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