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US 2006/0041455 A1Published application
Systems and methods for providing an enhanced option rider to an insurance policy
OwnerRobert Dehaisinventor
Life of this patent
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OwnerRobert Dehaisinventor
Estimating the term…
In one aspect, the invention comprises a computer system for providing a life insurance policy with an enhanced option rider, comprising: an electronic database operable to store data related to policyholders and policy terms; and an insurance administration computer, in communication with the database, for administering the policy; wherein the enhanced option rider allows each beneficiary of the life insurance policy to apply all or part of eligible proceeds to one or more enhanced payment options, and wherein the one or more enhanced payment options comprise a guaranteed monthly payment through an annuitization process for the life of the one or more beneficiaries.
A computer system for providing a life insurance policy with an enhanced option rider, comprising:
A method of administering an enhanced option rider for a life insurance policy, said life insurance policy providing eligible proceeds to one or more beneficiaries upon the death of the policy owner, said enhanced option rider allowing each beneficiary of the life insurance policy to apply all or part of eligible proceeds to one or more enhanced payment options, said one or more enhanced payment options comprising a guaranteed monthly payment through an annuitization process for the life of said beneficiary, the method comprising the steps of:
Dependencies are inferred from the claim text.