COMPUTER SYSTEM FOR AUTOMATED COMPARING OF UNIVERSAL LIFE INSURANCE POLICIES BASED ON SELECTABLE CRITERIA

A computerized system for initiating, processing, preparing, storing, and transmitting illustrations of universal life insurance. A computer accesses a database into which data is written and from which data is read, the data including information regarding the life to be insured, general applicant information, insurance information and predetermined text data for incorporation into insurance illustrations. The computer is operable by connecting to the database and at least one other digital computer, including input and display apparatus, to permit data to be entered in and retrieved from the database. The computer is also provided with the capability of merging entered or stored data with the predetermined text data to compile the data and text into output embodying an illustration of life insurance.