SYSTEMS AND METHODS FOR PROVIDING A CASH VALUE ADJUSTMENT TO A LIFE INSURANCE POLICY
Patent №
US 8,612,263
Granted
2013-12-17
Filed 2008
Owner
GENWORTH FINANCIAL, INC.
Lab
—
AI components
2
kr · planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
12339822
A method and system for performing a cash value adjustment to a life insurance policy issued by an insurer and owned by a policy owner, the method performed by a computer processing system. The method may include (1) inputting parameters of a life insurance policy, the parameters including controlling parameters, and the controlling parameters including: (i) a constraint dictated parameter of the life insurance policy; and (ii) a driven parameter of the life insurance policy. The method may further include analyzing the relationship between the constraint dictated parameter and the driven parameter; and performing a re-underwriting of the life insurance policy using the parameters of the life insurance policy and a set of re-underwriting criteria. The method may further include generating re-underwritten policy data to constitute a re-underwritten policy. The method may include providing an annuity.
AI classification
Ownership
GENWORTH FINANCIAL, INC.
assignment · 220090112
Assignors
ATKINSON, LANDIS W., III, SMITH, KEVIN G., STIFF, GEOFFREY S.
On an employer assignment, the assignors are typically the inventors.