Method and System for Generating and Distributing Optimized Life Insurance Packages and Visual Representations Thereof

A computer program product for generating an optimized life insurance package, the computer program product comprising at least one non-transitory medium containing program instructions that, when executed by at least one processor of at least one computer, cause the at least one computer to:

• transmit, to a user computer, data configured to generate at least one graphical user interface programmed to collect consumer data, the consumer data comprising an age and a risk class;
• determine at least one Life Insurance Option available to the consumer based at least partially on the consumer data and a term of at least one life insurance policy, the at least one Life Insurance Option comprising an option date and a cost;
• and
• generate at least one life insurance policy illustration based at least partially on the at least one Life Insurance Option.

A system for generating an optimized life insurance package, comprising at least one server computer including at least one processor, the at least one server computer programmed to:

• generate at least one graphical user interface;
• collect, through the at least one graphical user interface, consumer data comprising an age and a risk class;
• identify at least one Life Insurance Option that matches at least one life insurance policy based at least partially on a coverage period for the at least one life insurance policy and at least a portion of the consumer data;
• generate an optimized life insurance package comprising the at least one Life Insurance Option;
• and
• generate at least one policy illustration of the optimized life insurance package.