Patent №
US 5,956,691
Granted
1999-09-21
Filed 1997
Owner
SECOND OPINION FINANCIAL SYSTEMS, INC.
+1 more
Lab
—
AI components
3
ml · planning · hardware
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
08778073
A dynamic, user friendly insurance policy illustration system for computing and graphically displaying the future values of a model life insurance policy. Key variables are entered and a graphic display of future values is instantly displayed. Variable keys can be selected to recalculate or solve for a certain stated policy performance, or variables can be entered and changed at will to display various "what if" life insurance scenarios. Variables can be rapidly moved through a range of values to create a "move" of the illustrated values changing from variable "A" to "B." The dynamic policy illustration system has built-in tables which can be used to view the effect various economic changes may have on a life insurance illustration. In addition, the dynamic policy illustration system includes an interactive expectations assessment process that uses a questionnaire, inferences and feedback for educating the user about life insurance and thereby leads the user to the most suitable life insurance policy selection based on his/her responses.
AI classification
Ownership
SECOND OPINION FINANCIAL SYSTEMS, INC.
assignment · 83930895
FINANCIAL PROFILES, INC.
assignment · 111950648
Assignors
POWERS, JAMES G.
On an employer assignment, the assignors are typically the inventors.