Methods of selling endowment policies
OwnerDavid Joseph Fierinventor
Life of this patent
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Abstract
Methods of selling endowment policies and funding an education are provided. In a general embodiment, the method includes selling a first endowment policy to an individual, allowing the individual to purchase additional endowment policies at the same price as the first endowment policy, and reminding the individual using an automatic computer generated reminder of the right to purchase additional endowment policies. The endowment policies can be used to fund an education.
Claims20
A method of selling endowment policies, the method comprising:
- selling a first endowment policy to an individual for funding an education of a second individual;
- maintaining a database in a computer of relevant information including premium price, date of purchase, and individual information;
- allowing the individual to purchase at least one additional endowment policy at the same price as the first endowment policy for funding the education of the second individual;
- generally using the database as a reminder for the individual of the right to purchase the additional endowment policies;
- and
- sending the reminder to the individual.
A method of selling endowment policies, the method comprising:
- determining whether an individual qualifies for a first endowment policy based on information comprising at least one of a blood profile, a home office specimen, and a physical examination of the individual, the information of the individual being analyzed by a computer processor configured to process the information;
- selling the first endowment policy to the individual if the individual qualifies;
- allowing the individual to purchase at least one additional endowment policy;
- and
- reminding the individual of the right to purchase additional endowment policies.
A computer implemented method of selling endowment policies, the method comprising:
- providing an interface for an individual to enter information about the individual and a first endowment policy;
- determining whether the individual qualifies for the first endowment policy using a computer process configured to process the information;
- selling the first endowment policy to an individual if the individual qualifies;
- allowing the individual to purchase at least one additional endowment policy;
- and
- reminding the individual using an automatic computer generated reminder of the right to purchase additional endowment policies.
A method of funding an education, the method comprising:
- purchasing a first endowment policy to fund an individual's college education;
- obtaining the right with the first endowment policy to purchase additional endowment policies at the same price for a number of years to fund the individual's college education;
- receiving automatic computer generated reminders of the right to purchase at least one additional endowment policy;
- and
- purchasing the at least one additional endowment policy in response to the automatic computer generated reminders.
Dependencies are inferred from the claim text.