System and method for designing a life insurance program for an organization
OwnerJohn Ridings Leeinventor
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Abstract
A method of administering a life insurance program for an organization is provided. The administering entity obtains a list of donors who have consented to participation in the life insurance program and then constructs a participant pool of donors who will actually participate in the program. The entity constructs the participant pool according to a mortality matrix, which describes an ideal participant pool. Donors within the participant pool are selected according to the donors' ages and genders, and the number of donors in the participant pool at any particular age and gender are defined by the mortality matrix.
Claims34
A method of designing a life insurance program for an organization comprising the steps of:
- obtaining a list of consenting donors who have consented to participate in the life insurance program;
- and
- constructing a matrix-driven mortality pool of enrolled donors, wherein the enrolled donors are selected to form the mortality pool based on the donors' ages.
A method of administering a life insurance program for an organization comprising the steps of:
- obtaining a list of donors who have consented to participate in the life insurance program;
- forming a mortality matrix that describes an ideal participant pool having pool members of selected age;
- and
- constructing an actual participant pool of donors from the list of donors that conforms to the mortality matrix.
A computer program product in a computer readable medium comprising:
- instructions for constructing a matrix-driven mortality pool of enrolled donors desiring to participate in a life insurance program;
- instructions for storing the mortality pool of donors;
- and
- wherein the enrolled donors are selected to form the mortality pool based on the donors' ages.
Dependencies are inferred from the claim text.