Method of calculating a premium payable by an insured person on a life insurance policy
US7908156B2 · kind B2 · utility
4Cited by
51References
8Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Sep 20, 2002 |
| Grant date | Mar 15, 2011 |
| Priority date | — |
| Expiry date | Nov 14, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG16H50/30
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method of calculating a premium payable by an insured person on a life insurance policy uses the amount of claims made from a health insurance plan of the insured person and information regarding the general well-being and/or lifestyle of the insured person to calculate the premium payable. The premium is calculated using a base percentage amount which is then either increased or decreased. If the insured person has made few claims to the health insurance plan and they have taken positive steps to look after their health, they will be rewarded by a relatively lower premium on their life insurance policy.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.