# US 10,482,538 B1 · Systems and methods for configuring a life insurance system > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 10,482,538 B1 - Document ID: US10482538B1 - Status: Granted - Kind: B1 - Application number: 14/924,382 - Filed: 2015-10-27 - Granted: 2019-11-19 - Earliest claimed: 2014-10-27 - Assignees: United Services Automobile Association (USAA) - Applicants: United Services Automobile Association - Inventors: William S. White; Jeremy S. May; Matthew J. Kosub; Sean W. Bell; Greg A. Riedel - Web page: https://patentgrep.com/patent/US10482538B1 ## CPC - G06Q 40/08: Insurance - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract Methods and systems for configuring non-contemporaneous analytics. An application is received from a consumer for a life insurance policy. An indication is sent to the consumer agreeing to activate the life insurance policy upon receipt of a notification of an activation trigger. An activation trigger is received and the policy is activated. ## Claims ### Claim 1 A method comprising: receiving, at a computer system with a processor, an application from a consumer for a life insurance policy; generating, by the computer system with the processor, a self-executing smart contract configured to activate the life insurance policy based on occurrence of an activation trigger, wherein the activation trigger is a predetermined event comprising the consumer turning a threshold age; receiving, by the computer system with the processor, a notification of the activation trigger; and based on the receiving the notification of the activation trigger, transmitting, by the computer system with the processor and to a device associated with the consumer, a notification indicative of the life insurance policy. ### Claim 2 (depends on 1) The method of claim 1, further comprising: allowing the consumer to purchase a right to activate the life insurance policy in the future. ### Claim 3 (depends on 1) The method of claim 1, further comprising: determining at least one risk factor for the life insurance policy, wherein the risk factor includes at least one of a first risk factor for a first time period, a second risk factor for a second time period, and a third risk factor for a third time period; and generating at least one policy term based on the risk factor. ### Claim 4 (depends on 3) The method of claim 3, wherein the first time period, the second time period, and the third time period are time ranges greater than two years. ### Claim 5 (depends on 3) The method of claim 3, wherein determining the at least one risk factor is at least partially based on information relating to the consumer. ### Claim 6 (depends on 5) The method of claim 5, wherein determining the at least one risk factor is further at least partially based on an actuarial model. ### Claim 7 (depends on 1) The method of claim 1, wherein the predetermined event comprises a change in the consumer's marital status. ### Claim 8 A non-transitory computer-readable storage medium having computer-readable instructions stored thereon that, when executed by a processor, cause the processor to effectuate operations comprising: receiving an application from a consumer for a life insurance policy; generating a self-executing smart contract for the life insurance policy configured to activate the life insurance policy based on occurrence of an activation trigger, wherein the activation trigger comprises a predetermined event; receiving a notification of the activation trigger; and based on the receiving the notification of the activation trigger, transmitting, to a device associated with the consumer, a notification indicative of the life insurance policy. ### Claim 9 (depends on 8) The non-transitory computer-readable storage medium of claim 8, the operations further comprising: allowing the consumer to purchase a right to activate the life insurance policy in the future. ### Claim 10 (depends on 8) The non-transitory computer-readable storage medium of claim 8, the operations further comprising: determining at least one risk factor for the life insurance policy, wherein the risk factor includes at least one of a first risk factor for a first time period, a second risk factor for a second time period, and a third risk factor for a third time period; and generating at least one policy term based on the risk factor. ### Claim 11 (depends on 10) The non-transitory computer-readable storage medium of claim 10, wherein the first time period, the second time period, and the third time period are time ranges greater than two years. ### Claim 12 (depends on 10) The non-transitory computer-readable storage medium of claim 10, wherein determining the at least one risk factor is at least partially based on information relating to the consumer. ### Claim 13 (depends on 12) The non-transitory computer-readable storage medium of claim 12, wherein determining the at least one risk factor is further at least partially based on an actuarial model. ### Claim 14 (depends on 8) The non-transitory computer-readable storage medium of claim 8, wherein the predetermined event comprises the consumer turning a threshold age. ### Claim 15 A system for configuring a life insurance system, the system comprising: a processor; and memory communicatively coupled to the processor, the memory storing instructions that cause the processor to effectuate operations comprising: receiving an application from a consumer for a life insurance policy; generating a self-executing smart contract configured to activate the life insurance policy based on occurrence of an activation trigger, wherein the activation trigger is a predetermined event; receiving a notification of the activation trigger; and based on the receiving the notification of the activation trigger, transmitting, to a device associated with the consumer, a notification indicative of providing the life insurance policy. ### Claim 16 (depends on 15) The system of claim 15, the operations further comprising: determining at least one risk factor for the life insurance policy, wherein the risk factor includes at least one of a first risk factor for a first time period, a second risk factor for a second time period, and a third risk factor for a third time period; and generating at least one policy term based on the risk factor. ### Claim 17 (depends on 16) The system of claim 16, wherein the first time period, the second time period, and the third time period are time ranges greater than two years. ### Claim 18 (depends on 16) The system of claim 16, wherein determining the at least one risk factor is at least partially based on information relating to the consumer. ### Claim 19 (depends on 17) The system of claim 17, wherein determining the at least one risk factor is further at least partially based on an actuarial model. ### Claim 20 (depends on 15) The system of claim 15, wherein the predetermined event comprises the consumer turning a threshold age.