System and method of managing an insurance scheme
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United States of America Patent
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-
Dec 4, 2012
Grant Date -
Dec 3, 2009
app pub date -
Jun 3, 2009
filing date -
Jun 3, 2008
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system for managing an insurance scheme includes a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A calculation module alters the at least one benefit based on a) a time factor; and b) the life impact of the insured event on the insured person. An awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person.
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Family
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