US 2001/0034619 A1 · System and method for providing additional insurance

Abstract

The invention provides a system and method for providing additional insurance to a fully-qualified insured party to increase a total benefit amount of insurance. More particularly, the invention provides a computer system and method for providing additional life insurance to increase a total benefit of life insurance to a fully-qualified insured party based upon an underwriting and medical evaluation performed to assess the eligibility of the insured party for an existing or underlying primary life insurance plan. Additional life insurance according to the invention may be obtained through the internet by remote computers and internet access devices well known in the art.

Claims1

Dependent claims

A method for providing additional insurance to an insured party to increase a total benefit of insurance, the method comprising:

receiving information from a prospective insured party, the information including information concerning a primary insurer of the prospective insured party and information concerning a primary life insurance plan issued by the primary insurer to the prospective insured party;
formulating an offer to the prospective insured party for a secondary insurance plan based upon the information concerning the primary insurer and the primary life insurance plan;
and
issuing the secondary life insurance plan to the prospective insured upon acceptance of the offer.

1 more element

Dependencies are inferred from the claim text.

Facts

Application

09/780,266Filed 9 Feb 2001

Priority

10 Feb 2000

Published

25 Oct 2001

Term ends

Not estimatedThe source records don’t support an estimate.

Classification6 codes

G06Q 30/06
Commerce: buying, selling or leasing transactions
G06Q 30/02
Commerce: marketing; Price estimation or determination; Fundraising
G06Q 40/00
Finance
G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance

System and method for providing additional insurance

Life of this patent

System and method for providing additional insurance

Life of this patent

Abstract

Claims1