System and method for processing data related to a life insurance policy having an accelerated death benefit
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United States of America Patent
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Apr 17, 2012
Grant Date -
Jul 7, 2011
app pub date -
Mar 18, 2011
filing date -
Dec 14, 2006
priority date (Note) -
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Abstract
A method for processing data related to a life insurance product having a death benefit amount payable to a beneficiary upon death of an insured includes receiving data indicative of certification that the insured is chronically ill, and responsive to receipt of the data indicative of the certification, providing output signals having data indicative of instructions to pay an owner of the life insurance product periodic payments, during the lifetime of the insured, each of which periodic payments reduces the death benefit amount.
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Family
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