Financial systems and methods for providing loans to individuals in response to the occurrence of a qualifying event
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United States of America Patent
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Sep 18, 2012
Grant Date -
Apr 22, 2010
app pub date -
Aug 11, 2009
filing date -
Aug 12, 2008
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
Computer systems that, in various embodiments, are configured for: (A) storing policy information within the system's memory, the policy information indicating that a particular individual holds a policy that provides the individual with the option to, upon the occurrence of a qualifying event, receive a loan at a below-market rate (e.g., 0%); (B) receiving data indicating that the qualifying event has occurred; and (C) at least partially in response to receiving the data indicating that the qualifying event has occurred, facilitating the provision of the loan to the particular individual at the below-market rate. The qualifying event may be, for example: (A) the death of a specified individual (e.g., the policy holder); (B) the disability of the specified individual; (C) the involuntary unemployment of the specified individual; (D) the birth of the specified individual's child; or (E) the adoption of a child by the specified individual.
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Family
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Cited Art Landscape
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