Service plan product and associated system and method

A warranty plan system comprising:

• a physical display within a retail store;
• a tangible warranty plan product positioned on the physical display, the tangible warranty plan product including:
• a preprinted label including information identifying an individual warranty plan account, the individual warranty plan account providing for or facilitating repair, replacement and other servicing of a primary product as needed during a predefined term of the individual warranty plan account, wherein the primary product is initially separate from the tangible warranty plan product,
• a first bar code identifying one of a plurality of available tiers of warranty plan accounts,
• a second bar code for the warranty plan product, the second bar code indicating the individual warranty plan account and the tier indicated by the first bar code, and
• a backer selectively coupled to and supporting the preprinted label such that the preprinted label is readily removable from the backer for placement on the primary product, wherein the first bar code and the second bar code are supported by the backer and exist prior to positioning the tangible warranty plan product on the physical display, and wherein the information identifying the individual warranty plan account is separate from the first bar code and the second bar code;
• and
• a point-of-sale register within the retail store, the point-of-sale register being configured to receive the tangible warranty plan product once the tangible warranty plan product is transferred to the point-of-sale register from the physical display, the point-of-sale register being configured to optically read the first bar code and the second bar code of the tangible warranty plan product and a primary product bar code of the primary product during a mercantile transaction in which the tangible warranty plan product and the primary product are processed as separate items for retail sale, the point-of-sale register including a computer that is programmed to process the first bar code as an indication of the identified one of the plurality of available tiers of warranty plan accounts and that is programmed to process the second bar code as an indication of the link between the tangible warranty plan product and the individual warranty plan account within the one of the plurality of available tiers of warranty plan accounts, wherein the primary product bar code differs from the first bar code and the second bar code, and the point-of-sale register associates the primary product with the individual warranty plan account based on the second bar code, which is optically read from the tangible warranty plan product, and the primary product bar code, which is optically read from the primary product, and initializes the tangible warranty plan account for a predetermined term,
• wherein the backer includes a pocket, and the tangible warranty plan product comprises a tangible contract sheet providing details regarding terms of the individual warranty plan account, including the second bar code, and being maintained in the pocket of the backer.