System and method for premium optimization and loan monitoring

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

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705 35, G06F 1760

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active

058391185

ABSTRACT:
A system and process linking an external computer with an illustration system of an insurance carrier and a system of an independent lending institution, via modem, to determine the optimal premium structure for a contemplated variable life insurance product using a portion of the policy owner's money and a lending institution loan to finance the premium. The system and process can also provide for simultaneously tracking several variable life insurance policy cash values to ensure each individual policy cash value is adequate for collateral purposes.

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