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US 8,788,294 B2Granted
Products and processes for indicating documents for a life based product
AssigneeCfph, LLC
InventorsHoward W. Lutnick, Stuart A. Hersch, Laurence Rose
Life of this patent
Estimating the term…
Abstract
A method comprising receiving at least one document that is associated with a life insurance policy; assigning a respective value to each of the at least one document, in which the value indicates a level of importance; determining a summation of the at least one document; determining an indication for the life insurance policy, in which the indication is based on the summation of the at least one document and at least one of the values; and displaying the indication.
Claims33
A method comprising
- receiving via a processor an indication that an insured intends to sell a life insurance policy in exchange for a settlement amount;
- transmitting to a remote device a request for at least one document that supports that the life insurance policy, in which the remote device and the processor are in communication over a network;
- receiving via the processor, in response to the request, the at least one document that supports the life insurance policy;
- determining a respective quality for each received document based on at least one of:
- a source of the document, a type of the document, and a pre-determined level of importance of the document;
- determining via the processor a quantity of documents received in response to the request;
- assigning via the processor, based on the quantity of documents received and the quality of each received document, a rating to the life insurance policy, in which the rating affects the settlement amount;
- and
- displaying the rating that is assigned to the life insurance policy.
6 more elements
An apparatus comprising:
- a processor;
- and
- a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to:
- receive an indication that an insured intends to sell a life insurance policy in exchange for a settlement amount;
- transmit a request for at least one document that supports that the life insurance policy, in which the remote device and the processor are in communication over a network;
- receive, in response to the request, the at least one document that supports the life insurance policy;
- determine a respective quality for each received document based on at least one of:
- a source of the document, a type of the document, and a pre-determined level of importance of the document;
- determiner a quantity of documents received in response to the request;
- assign, based on the quantity of documents received and the quality of each received document, a rating to the life insurance policy, in which the rating affects the settlement amount;
- and
- display the rating that is assigned to the life insurance policy.
9 more elements
An article of manufacture comprising:
- a storage medium, in which the storage medium stores instructions which, when executed by a processor, direct the processor to:
- receive an indication that an insured intends to sell a life insurance policy in exchange for a settlement amount;
- transmit a request for at least one document that supports that the life insurance policy, in which the remote device and the processor are in communication over a network;
- receive, in response to the request, the at least one document that supports the life insurance policy;
- determine a respective quality for each received document based on at least one of:
- a source of the document, a type of the document, and a pre-determined level of importance of the document;
- determiner a quantity of documents received in response to the request;
- assign, based on the quantity of documents received and the quality of each received document, a rating to the life insurance policy, in which the rating affects the settlement amount;
- and
- display the rating that is assigned to the life insurance policy.
7 more elements
Dependencies are inferred from the claim text.