Financial systems and methods for providing loans to individuals in response to the occurrence of a qualifying event
US8271302B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Aug 11, 2009 |
| Grant date | Sep 18, 2012 |
| Priority date | — |
| Expiry date | Aug 15, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Computer systems that, in various embodiments, are configured for: (A) storing policy information within the system's memory, the policy information indicating that a particular individual holds a policy that provides the individual with the option to, upon the occurrence of a qualifying event, receive a loan at a below-market rate (e.g., 0%); (B) receiving data indicating that the qualifying event has occurred; and (C) at least partially in response to receiving the data indicating that the qualifying event has occurred, facilitating the provision of the loan to the particular individual at the below-market rate. The qualifying event may be, for example: (A) the death of a specified individual (e.g., the policy holder); (B) the disability of the specified individual; (C) the involuntary unemployment of the specified individual; (D) the birth of the specified individual's child; or (E) the adoption of a child by the specified individual.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.