DYNAMIC POLICY ILLUSTRATION SYSTEM

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

Planning1.00
AI hardware0.99
Machine learning0.95
Knowledge representation0.08
Speech0.01
Natural language0.00
Vision0.00
Evolutionary computation0.00

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.

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