Method of raising funds for an organization
OwnerJohn Ridings Leeinventor
Life of this patent
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Abstract
A method of raising funds for an organization through the purchase of life insurance is provided. The organization obtains a list of donors that have been selected to form a participant pool, the participant pool of donors having been constructed according to a mortality matrix. The organization purchases a life insurance policy on the life of each donor in the participant pool and then receives a death benefit payment from one of the life insurance policies upon the death of one of the donors in the participant pool.
Claims51
A method of raising funds for an organization comprising the steps of:
- obtaining a list of donors, wherein the donors have been selected to form a participant pool which conforms to a morality matrix;
- purchasing a life insurance policy on the life of each donor in the participant pool;
- and
- receiving a death benefit payment from one of the life insurance policies upon the death of one of the donors in the participant pool.
A method of raising funds for an organization comprising the steps of:
- obtaining a list of donors, wherein the donors have been selected to form a participant pool based on the donors' age and gender, wherein the number of donors in the participant pool at any particular age and gender are defined by a mortality matrix;
- purchasing a life insurance policy on the life of each donor in the participant pool by paying an advance premium payment, wherein the advance premium payment includes all premiums for the life insurance policies in the participant pool for a selected number of years;
- and
- receiving a death benefit payment from one of the life insurance policies upon the death of one of the donors in the participant pool.
A method of raising funds for an organization comprising the steps of:
- soliciting potential donors for participation in a life insurance program;
- obtaining a list of donors, wherein the donors have been selected to form a participant pool based on the donors' age and gender, wherein the number of donors in the participant pool at any particular age and gender are defined by a mortality matrix;
- purchasing a life insurance policy on the life of each donor in the participant pool by paying an advance premium payment, wherein the advance premium payment includes all premium payments for the life insurance policies in the participant pool for a selected number of years, wherein each life insurance policy is configured to build a cash surrender value;
- receiving a death benefit payment from one of the life insurance policies upon the death of one of the donors in the participant pool;
- and
- paying a recurring premium payment for at least one of the life insurance policies in a year other than the selected number of years.
Dependencies are inferred from the claim text.