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WO2008028038A2 - Produits et procédés d'indication de documents associés à un produit d'assurance-vie - Google Patents

Produits et procédés d'indication de documents associés à un produit d'assurance-vie Download PDF

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Publication number
WO2008028038A2
WO2008028038A2 PCT/US2007/077240 US2007077240W WO2008028038A2 WO 2008028038 A2 WO2008028038 A2 WO 2008028038A2 US 2007077240 W US2007077240 W US 2007077240W WO 2008028038 A2 WO2008028038 A2 WO 2008028038A2
Authority
WO
WIPO (PCT)
Prior art keywords
life
policy
life insurance
document
indication
Prior art date
Application number
PCT/US2007/077240
Other languages
English (en)
Other versions
WO2008028038A3 (fr
Inventor
Howard Lutnick
Stuart A. Hersch
Laurence Rose
Original Assignee
Howard Lutnick
Hersch Stuart A
Laurence Rose
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority claimed from US11/550,303 external-priority patent/US7734484B2/en
Priority claimed from US11/613,182 external-priority patent/US20070226015A1/en
Application filed by Howard Lutnick, Hersch Stuart A, Laurence Rose filed Critical Howard Lutnick
Priority to EP07814577A priority Critical patent/EP2057598A4/fr
Priority to AU2007289124A priority patent/AU2007289124A1/en
Priority to CA002661905A priority patent/CA2661905A1/fr
Priority to JP2009526911A priority patent/JP2010503077A/ja
Publication of WO2008028038A2 publication Critical patent/WO2008028038A2/fr
Publication of WO2008028038A3 publication Critical patent/WO2008028038A3/fr

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/06—Asset management; Financial planning or analysis
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Definitions

  • Owners of life insurance policies sometimes find that they no longer need or can no longer afford their policies. As a result, some of these policy owners may choose to surrender the policy back to the insurance company in exchange for the policy's cash value. Other policy owners, however, may sell their existing policies to a third-party investor who will collect the death benefit upon the death of the insured. In return the investor pays the policy owner a settlement amount, which will be a value less than that of the value of the life insurance, and will take over payment of the life insurance premiums. The settlement amount is affected by a number of factors, including considerations for the insured' s estimated mortality, or life expectancy, and the associated cost of premiums to keep the policy in force for that timeframe. Oftentimes, the policy owner does not sell directly to the third-party investor, but rather, the parties transact through a licensed broker.
  • a system may include one or more workstations.
  • Workstations may be local or remote, and are connected by one or more communications links to a computer network that is linked via the communications links to a server.
  • the server may be any suitable server, processor, computer, or data processing device, or combination of the same.
  • the server may be used to process, evaluate and search the life insurance policies located on the system.
  • the computer network may be any suitable computer network, including the Internet, an intranet, a wide-area network (WAN), a local-area network (LAN), a wireless network, a digital subscriber line (DSL) network, a frame relay network, an asynchronous transfer mode (ATM) network, a virtual private network (VPN), a general packet radio service (GPRS) network, or any combination of any of the same.
  • the communications links may be any communications links suitable for communication data between workstations and the server, such as network links, dial-up links, wireless links, hard-wired links, fiber-optical links, etc.
  • the workstation may be computing devices, personal computers, laptop computers, mainframe computers, dumb terminals, data displays, Internet browsers, Personal Digital Assistants (PDAs), two-way pagers, wireless terminals, portable telephones, hand-held electronic devices, any other device that is capable of processing and computing information, or any combination of the same.
  • PDAs Personal Digital Assistants
  • the workstations may be used to sell life insurance policies, as well as uploading relevant supporting documents.
  • the workstations also may be used to search, review, bid and purchase life insurance policies.
  • the communications link may be any communications links suitable for communicating data between the server and the workstations, such as network links, dial-up links, wireless links, hard-wired links, fiber-optical links, etc.
  • the workstation may include a processor, a display, an input device, and a memory, which may be interconnected.
  • the memory contains a storage device for storing a workstation program for controlling a processor.
  • the processor may be used to run any of the steps for the methods and processes described below.
  • a display is available to display, such steps and search results.
  • an input device may be used by the user to upload various relevant supporting documents and information, enter search criteria, and make bids and offers for the life insurance polices.
  • the server may include the processor, the display, the input device, and memory, all of which may be interconnected.
  • the memory contains a storage device for storing the supporting documents associated with a life insurance policy and the search profiles sent by the user.
  • the storage device further contains a server program for controlling the processor.
  • the processor uses the server program to evaluate a life insurance policy, especially for evaluating the supporting documents associated with the life insurance policy.
  • the processor also may be used to match the search profile with the life insurance policies stored within the system.
  • the processor can cause the system to send notification messages to users.
  • a user may wish to sell a life insurance policy using the system.
  • a user may browse the system for recently listed life insurance policies in order to determine a reasonable price for her life insurance policy.
  • the user may limit the search only to life insurance policies that share similar characteristics with the user's life insurance policy.
  • the user also may be a buyer of a life insurance policy. The buyer may use the system in order to purchase a life insurance policy.
  • a user of the system may create an account and a profile. For example, the user may click on the "Create Account” link on the homepage of the system. By doing so, the system directs her to a "Create Profile" page, where the user is instructed to choose a login name and password.
  • the user may be instructed to enter personal information (e.g., name, address, birth date, etc.) into the system.
  • the fields are marked with an asterisk (*) in order to distinguish between the required and non-required fields.
  • the user may click on the button "Register”.
  • the system may store the newly created profile into memory and automatically redirects the user back to the initial login page.
  • the user logs into the system using the newly created profile.
  • the system authenticates the login and password, and if the return value is "True", then the user may be directed to the main page, e.g. the Life Markets Page.
  • the system may alerts the user that the login and password are incorrect and asks the user to re-enter such details. For security reasons, some embodiments of the system may limit the number of attempts a user may make before locking the login process and requiring the user to contact a customer service agent for further assistance.
  • the user may choose from several options.
  • the options may be displayed as a tab on the upper portion of the display screen. These tabs may be labeled "Sell”, “Search”, “Buy,” which correspond, respectively, to the act of selling a life insurance policy, searching the system for a particular life insurance policy, and purchasing a life insurance policy.
  • the user is directed to a new webpage and instructed to enter information regarding the life insurance policy that she wishes to sell.
  • information may include the life insurance company, the value of the policy, the term, the remaining payment amounts, etc.
  • the user also may upload one or more relevant supporting documents that are associated with the life insurance policy.
  • a relevant supporting document may include, but is not limited to, a life settlement application, an indicative purchase offer, a life settlor's letter notifying insurer of sale of policy and VOC request, a physician's letter of competency regarding insured, a consent of a life settlor's spouse, an overview of life settlement process, an acknowledgement of life settlement transaction, a consent to change of beneficiary and release and waiver of beneficiary rights, a life settlement proceeds distribution form, an insured's designation of contacts, an acknowledgment of primary designated contact responsibility, an acknowledgment of alternate designated contact responsibility, an insured's letter of designated contact, an escrow agreement, an authorization for disclosure of protected health information, an authorization of insured for use and disclosure of nonpublic personal information, a policy owner's authorization for disclosure of life insurance policy information, a life insurance policy owner's disclosure of liens, an acknowledgment of life settler, a life settlement agreement, a disclosure form, and a verification of coverage form.
  • the user does not upload any relevant supporting documents. Instead, the user merely provides the location of the document; or the user may provide some other source or manner of obtaining the documents.
  • the system then obtains the document directly from the indicated source. For example, a user may wish to designate that the system contact her primary care physician in order to obtain certain medical records.
  • the system Upon receipt of a document, the system authenticates the document.
  • the system may require only the submission of certified documents. The system also may require a signature and notarization of the document.
  • the system may submit the document to a third-party for review in order to determine the authenticity of the document. Still in other embodiments, the system obtains the document directly from a third-party source designated by the user. In such instances, the system may authenticate the third-party source, such as requiring proof of certain accreditations by a hospital or medical office. Once the third-party source is authenticated, then it is registered on the system as a participating third-party source. Any document submitted by a participating third- party source is considered properly authenticated.
  • a system may authenticate a medical report by obtaining the medical report directly from a participating medical office or hospital.
  • a medical office or hospital may be allowed to participate within the system only if it fulfills certain criteria (e.g., accreditation) and also is registered on the system.
  • certain criteria e.g., accreditation
  • the system may remove or refuse participation to the offending medical office. If a system cannot authenticate a particular document, it will reject the document and notify the user.
  • an unauthenticated document also may be stored in the system, but assigned a low value, as will be described in detail below.
  • the system may also evaluate the completeness of the document.
  • the system reviews the documents for any missing information, and may prompt the user to supply any such missing elements. Similar to the authentication process, the method of evaluating a document's completion may vary for each document.
  • the system performs a simple completion test based on the number of pages indicated by the user. For example, if the user indicates that five pages of a medical profile were uploaded, the system will verify that all five pages of the medical profile have been uploaded. Still in more advanced systems, a pre-determined set of criteria may be assigned to each type of document. Whenever a user uploads a document, she will indicate the document's type.
  • the system will apply the appropriate pre- determined criterion in order to determine the completeness and/or authenticity of the document. If the system determines that a particular document is incomplete, it rejects the document and notifies the user. In other embodiments, the system may notify the user of the missing elements and request that the user supply such missing elements. Still other embodiments may store the incomplete document on the system, but assign the document with a low value.
  • a value indicates the level of importance of the document in relation to the sale of the life insurance policy.
  • the determination of value may be based on the type of document. For example, a medical record may receive a higher value than a legal document.
  • a table of values may exist, so that each type of document is assigned a respective value.
  • the value also may be derived from a set of equations or formulas as embodied in a software program.
  • the value is determined from a decision tree containing one or more conditional statements. For example, the decision tree may indicate that if the document was derived from Hospital A, then it is assigned a high value.
  • the document is assigned a medium value.
  • the value may be indicated by an alphanumerical system (e.g. the characters A to Z and/or the numbers 0 to 9), a color-scheme, a percentage, or a combination of them.
  • the value may be pre-determined by the user.
  • the procedures for determining the value, as described above may serve as the default standard only.
  • a user can override this default value system by customizing a different set of values.
  • a user may receive a customized set of values from a third- party. For example, in an office environment, an administrator may customize a set of values for the documents, and then proceed to send the customized set of values to various recipients in the office.
  • the system may also maintain an internal counter which tracks the number of documents associated with a particular life insurance policy. Assuming that a document is properly authenticated and verified for completeness, the counter is updated automatically by one. Thus, at any given moment in time, the system can accurately determine the summation of the total number of documents associated with a life insurance policy. Alternatively, there may be a pre-set number of required documents for a type of life insurance policy.
  • a life insurance policy of a terminally ill cancer patient may require, at the very least, a medical report from the primary care physician, a laboratory report from the radiologist, an evaluation from the oncologist, a notarized living will that has been evaluated and approved by an estate lawyer, etc.
  • the summation may indicate the percentage of the documents that have been received.
  • the system may also use a combination of the various methods described above for evaluation.
  • a rating is an indication by the system on the investment quality of the life insurance policy. This rating is similar to the securities rating that a bond issuer might receive from an independent, professional credit rating service.
  • the rating may be indicated by a color scheme, in which each color is associated with a value or a piece of information.
  • the color green may indicate life insurance policies that include all the required relevant supporting documents.
  • a green indication also may indicate that the system has evaluated the supporting documents, and it has designed the life insurance policy to have the highest rating.
  • a red indication for example, may indicate a lack of supporting documents.
  • a red indication also may indicate that the system considers the available supporting documents to be unreliable (e.g., the documents are unauthenticated, incomplete, or received a low value).
  • Various other colors also may be used to represent various gradients of a rating.
  • the system may save the data associated with these documents into a database located within the memory. By doing so, the system may allow future users (e.g., buyers) to search and locate these documents. As described above, the system also may be used by a buyer of a life insurance policy. The buyer must register and create a profile, using a process similar to the one described above for a seller. Once the buyer logs into the system, he may have several options, including searching the available life insurance policies and making a bid on a life insurance policy.
  • the user may click on a "Search" tab, which will direct the user to a new webpage.
  • the user then may create a search profile by entering one or more search criteria.
  • Search criteria may include at least one of the following: the number of documents received, the value of the documents, the indication, the age of policy holder, the life expectancy of the policy holder, a type of life insurance policy, a type of disease (e.g., cancer, AIDS, etc..) affecting the life insurance holder, or a geographic location.
  • the system receives the search profile and matches the elements of the search profile with the life insurance policies stored on the system. In an embodiment, the system assigns a percentage value of each "hit", or life insurance policy that includes one or more of the desired search criteria.
  • the system then organizes the "hits" in accordance to a percentage value, and displays the search results in such an order. For example, a user may wish to search for a life insurance policy held by a male over the age 60 years with an estimated life term of less than one year and whose life insurance pay-out is greater than $500,000. In another example, a user may wish to search for life insurance policies that have received a green indication rating and have monthly premiums less than $500. After receiving the search results, the user may opt to conduct a new search, or the user may wish to refine the search results. The user may also double-click on a life insurance policy in order to review the life insurance policy and/or the supporting documents in further detail. The user also may submit a bid to purchase the life insurance policy.
  • Various methods of electronically bidding, trading and buying insurance policies are known. For example, the details regarding the systems and methods of electronically trading insurance policies may be incorporated by reference through Patent Serial No. , entitled "Systems and
  • the system may also provide an alert function to the user.
  • the user may save a particular search profile to the system's database.
  • the system then automatically attempts to match the search profile with life insurance policies within the database at regular intervals (e.g., daily, monthly, etc.)
  • the system also may compare any new search results with the most recent search result in order to determine if there are new hits. If a new hit is determined, then the system may alert the user via a communications means.
  • the user may log into the system to review the new hits.
  • An alert may be sent via an e-mail message, a telephone call, postal mail, or it may be merely displayed on a sidebar on the main Life Markets Page, as described earlier.
  • process means any process, algorithm, method or the like, unless expressly specified otherwise.
  • Each process (whether called a method, algorithm or otherwise) inherently includes one or more steps, and therefore all references to a "step” or “steps" of a process have an inherent antecedent basis in the mere recitation of the term 'process' or a like term. Accordingly, any reference in a claim to a 'step' or 'steps' of a process has sufficient antecedent basis.
  • an embodiment means “one or more (but not all) embodiments of the disclosed invention(s)", unless expressly specified otherwise.
  • the term “variation” of an invention means an embodiment of the invention, unless expressly specified otherwise.
  • the phrase "at least one of, when such phrase modifies a plurality of things means any combination of one or more of those things, unless expressly specified otherwise.
  • the phrase "at least one of a widget, a car and a wheel” means either (i) a widget, (ii) a car, (iii) a wheel, (iv) a widget and a car, (v) a widget and a wheel, (vi) a car and a wheel, or (vii) a widget, a car and a wheel.
  • Numerical terms such as “one”, “two”, etc. when used as cardinal numbers to indicate quantity of something mean the quantity indicated by that numerical term, but do not mean at least the quantity indicated by that numerical term.
  • the phrase “one widget” does not mean “at least one widget”, and therefore the phrase “one widget” does not cover, e.g., two widgets.
  • determining and grammatical variants thereof (e.g., to determine a price, determining a value, determine an object which meets a certain criterion) is used in an extremely broad sense.
  • the term “determining” encompasses a wide variety of actions and therefore “determining” can include calculating, computing, processing, deriving, investigating, looking up (e.g., looking up in a table, a database or another data structure), ascertaining and the like.
  • determining can include receiving (e.g., receiving information), accessing (e.g., accessing data in a memory) and the like.
  • determining can include resolving, selecting, choosing, establishing, and the like.
  • determining does not imply certainty or absolute precision, and therefore “determining” can include estimating, predicting, guessing and the like.
  • determining does not imply that any particular device must be used. For example, a computer need not necessarily perform the determining. 3. Disclosed Examples and Terminology Are Not Limiting
  • Devices that are described as in communication with each other need not be in continuous communication with each other, unless expressly specified otherwise. On the contrary, such devices need only transmit to each other as necessary or desirable, and may actually refrain from exchanging data most of the time. For example, a machine in communication with another machine via the Internet may not transmit data to the other machine for long period of time (e.g. weeks at a time).
  • devices that are in communication with each other may communicate directly or indirectly through one or more intermediaries.
  • a process may be described as including a plurality of steps, that does not imply that all or any of the steps are preferred, essential or required.
  • Various other embodiments within the scope of the described invention(s) include other processes that omit some or all of the described steps. Unless otherwise specified explicitly, no step is essential or required.
  • a process may be described singly or without reference to other products or methods, in an embodiment the process may interact with other products or methods. For example, such interaction may include linking one business model to another business model. Such interaction may be provided to enhance the flexibility or desirability of the process.
  • a product may be described as including a plurality of components, aspects, qualities, characteristics and / or features, that does not indicate that any or all of the plurality are preferred, essential or required.
  • Various other embodiments within the scope of the described invention(s) include other products that omit some or all of the described plurality.
  • An enumerated list of items does not imply that any or all of the items are mutually exclusive, unless expressly specified otherwise.
  • an enumerated list of items does not imply that any or all of the items are comprehensive of any category, unless expressly specified otherwise.
  • the enumerated list "a computer, a laptop, a PDA" does not imply that any or all of the three items of that list are mutually exclusive and does not imply that any or all of the three items of that list are comprehensive of any category.
  • a processor e.g., one or more microprocessors, one or more microcontrollers, one or more digital signal processors
  • a processor will receive instructions (e.g., from a memory or like device), and execute those instructions, thereby performing one or more processes defined by those instructions.
  • a “processor” means one or more microprocessors, central processing units (CPUs), computing devices, microcontrollers, digital signal processors, or like devices or any combination thereof.
  • a description of a process is likewise a description of an apparatus for performing the process.
  • the apparatus that performs the process can include, e.g., a processor and those input devices and output devices that are appropriate to perform the process.
  • programs that implement such methods may be stored and transmitted using a variety of media (e.g., computer readable media) in a number of manners.
  • media e.g., computer readable media
  • hard- wired circuitry or custom hardware may be used in place of, or in combination with, some or all of the software instructions that can implement the processes of various embodiments.
  • various combinations of hardware and software may be used instead of software only.
  • Non-volatile media include, for example, optical or magnetic disks and other persistent memory.
  • Volatile media include dynamic random access memory (DRAM), which typically constitutes the main memory.
  • Transmission media include coaxial cables, copper wire and fiber optics, including the wires that comprise a system bus coupled to the processor. Transmission media may include or convey acoustic waves, light waves and electromagnetic emissions, such as those generated during radio frequency (RF) and infrared (IR) data communications.
  • RF radio frequency
  • IR infrared
  • Computer-readable media include, for example, a floppy disk, a flexible disk, hard disk, magnetic tape, any other magnetic medium, a CD-ROM, DVD, any other optical medium, punch cards, paper tape, any other physical medium with patterns of holes, a RAM, a PROM, an EPROM, a FLASH-EEPROM, any other memory chip or cartridge, a carrier wave as described hereinafter, or any other medium from which a computer can read.
  • Various forms of computer readable media may be involved in carrying data (e.g. sequences of instructions) to a processor.
  • data may be (i) delivered from RAM to a processor; (ii) carried over a wireless transmission medium; (iii) formatted and / or transmitted according to numerous formats, standards or protocols, such as Ethernet (or IEEE 802.3), SAP, ATP, BluetoothTM, and TCP/IP, TDMA, CDMA, and 3G; and / or (iv) encrypted to ensure privacy or prevent fraud in any of a variety of ways well known in the art.
  • a description of a process is likewise a description of a computer- readable medium storing a program for performing the process.
  • the computer- readable medium can store (in any appropriate format) those program elements which are appropriate to perform the method.
  • embodiments of an apparatus include a computer / computing device operable to perform some (but not necessarily all) of the described process.
  • embodiments of a computer- readable medium storing a program or data structure include a computer-readable medium storing a program that, when executed, can cause a processor to perform some (but not necessarily all) of the described process.
  • databases are described, it will be understood by one of ordinary skill in the art that (i) alternative database structures to those described may be readily employed, and (ii) other memory structures besides databases may be readily employed. Any illustrations or descriptions of any sample databases presented herein are illustrative arrangements for stored representations of information. Any number of other arrangements may be employed besides those suggested by, e.g., tables illustrated in drawings or elsewhere. Similarly, any illustrated entries of the databases represent exemplary information only; one of ordinary skill in the art will understand that the number and content of the entries can be different from those described herein. Further, despite any depiction of the databases as tables, other formats (including relational databases, object-based models and / or distributed databases) could be used to store and manipulate the data types described herein. Likewise, object methods or behaviors of a database can be used to implement various processes, such as the described herein. In addition, the databases may, in a known manner, be stored locally or remotely from a device which accesses data in such a database.
  • Various embodiments can be configured to work in a network environment including a computer that is in communication (e.g., via a communications network) with one or more devices.
  • the computer may communicate with the devices directly or indirectly, via any wired or wireless medium (e.g. the Internet, LAN, WAN or Ethernet, Token Ring, a telephone line, a cable line, a radio channel, an optical communications line, commercial on-line service providers, bulletin board systems, a satellite communications link, a combination of any of the above).
  • Each of the devices may themselves comprise computers or other computing devices, such as those based on the Intel® Pentium® or CentrinoTM processor, that are adapted to communicate with the computer. Any number and type of devices may be in communication with the computer.
  • a server computer or centralized authority may not be necessary or desirable.
  • the present invention may, in an embodiment, be practiced on one or more devices without a central authority.
  • any functions described herein as performed by the server computer or data described as stored on the server computer may instead be performed by or stored on one or more such devices.
  • the process may operate without any user intervention.
  • the process includes some human intervention (e.g., a step is performed by or with the assistance of a human).
  • process means any process, algorithm, method or the like, unless expressly specified otherwise.
  • invention and the like mean "the one or more inventions disclosed in this application” , unless expressly specified otherwise.
  • an embodiment means “one or more (but not all) embodiments of the disclosed invention(s)", unless expressly specified otherwise.
  • the term "herein” means “in the present application, including anything which may be incorporated by reference”, unless expressly specified otherwise.
  • the phrase “at least one of, when such phrase modifies a plurality of things (such as an enumerated list of things) means any combination of one or more of those things, unless expressly specified otherwise.
  • the phrase “at least one of a widget, a car and a wheel” means either (i) a widget, (ii) a car, (iii) a wheel, (iv) a widget and a car, (v) a widget and a wheel, (vi) a car and a wheel, or (vii) a widget, a car and a wheel.
  • phrases "at least one of, when such phrase modifies a plurality of things does not mean "one of each of the plurality of things.
  • Numerical terms such as “one”, “two”, etc. when used as cardinal numbers to indicate quantity of something mean the quantity indicated by that numerical term, but do not mean at least the quantity indicated by that numerical term.
  • the phrase “one widget” does not mean “at least one widget”, and therefore the phrase “one widget” does not cover, e.g., two widgets.
  • the function of the first machine may or may not be the same as the function of the second machine.
  • any given numerical range shall include whole and fractions of numbers within the range.
  • the range “1 to 10” shall be interpreted to specifically include whole numbers between 1 and 10 (e.g., 1, 2, 3, 4, ... 9) and non-whole numbers (e.g., , 1.1, 1.2, ... 1.9).
  • determining and grammatical variants thereof (e.g., to determine a price, determining a value, determine an object which meets a certain criterion) is used in an extremely broad sense.
  • the term “determining” encompasses a wide variety of actions and therefore “determining” can include calculating, computing, processing, deriving, investigating, looking up (e.g., looking up in a table, a database or another data structure), ascertaining and the like.
  • determining can include receiving (e.g., receiving information), accessing (e.g., accessing data in a memory) and the like.
  • determining can include resolving, selecting, choosing, establishing, and the like.
  • the term “determining” does not imply certainty or absolute precision, and therefore “determining” can include estimating, extrapolating, predicting, guessing and the like.
  • determining does not imply that any particular device must be used. For example, a computer need not necessarily perform the determining.
  • a limitation of a first claim would cover one of a feature as well as more than one of a feature (e.g., a limitation such as "at least one widget” covers one widget as well as more than one widget), and where in a second claim that depends on the first claim, the second claim uses a definite article “the” to refer to the limitation (e.g., "the widget"), this does not imply that the first claim covers only one of the feature, and this does not imply that the second claim covers only one of the feature (e.g., "the widget” can cover both one widget and more than one widget).
  • ordinal number such as “first”, “second”, “third” and so on
  • that ordinal number is used (unless expressly specified otherwise) merely to indicate a particular feature, such as to distinguish that particular feature from another feature that is described by the same term or by a similar term.
  • a "first widget” may be so named merely to distinguish it from, e.g., a "second widget”.
  • the mere usage of the ordinal numbers “first” and “second” before the term “widget” does not indicate any other relationship between the two widgets, and likewise does not indicate any other characteristics of either or both widgets.
  • the mere usage of the ordinal numbers “first” and “second” before the term “widget” (1) does not indicate that either widget comes before or after any other in order or location; (2) does not indicate that either widget occurs or acts before or after any other in time; and (3) does not indicate that either widget ranks above or below any other, as in importance or quality.
  • the mere usage of ordinal numbers does not define a numerical limit to the features identified with the ordinal numbers.
  • the mere usage of the ordinal numbers "first” and “second” before the term “widget” does not indicate that there must be no more than two widgets.
  • more than one device / article may alternatively be used in place of the single device / article that is described. Accordingly, the functionality that is described as being possessed by a device may alternatively be possessed by more than one device / article (whether or not they cooperate).
  • a single device / article may alternatively be used in place of the more than one device or article that is described.
  • a plurality of computer-based devices may be substituted with a single computer-based device.
  • the various functionality that is described as being possessed by more than one device or article may alternatively be possessed by a single device / article.
  • Devices that are described as in communication with each other need not be in continuous communication with each other, unless expressly specified otherwise. On the contrary, such devices need only transmit to each other as necessary or desirable, and may actually refrain from exchanging data most of the time. For example, a machine in communication with another machine via the Internet may not transmit data to the other machine for long period of time (e.g. weeks at a time).
  • devices that are in communication with each other may communicate directly or indirectly through one or more intermediaries.
  • process may be described singly or without reference to other products or methods, in an embodiment the process may interact with other products or methods.
  • interaction may include linking one business model to another business model.
  • Such interaction may be provided to enhance the flexibility or desirability of the process.
  • a product may be described as including a plurality of components, aspects, qualities, characteristics and / or features, that does not indicate that any or all of the plurality are preferred, essential or required.
  • Various other embodiments within the scope of the described invention(s) include other products that omit some or all of the described plurality.
  • An enumerated list of items does not imply that any or all of the items are mutually exclusive, unless expressly specified otherwise.
  • an enumerated list of items does not imply that any or all of the items are comprehensive of any category, unless expressly specified otherwise.
  • the enumerated list "a computer, a laptop, a PDA" does not imply that any or all of the three items of that list are mutually exclusive and does not imply that any or all of the three items of that list are comprehensive of any category.
  • a processor e.g., one or more microprocessors, one or more microcontrollers, one or more digital signal processors
  • a processor will receive instructions (e.g., from a memory or like device), and execute those instructions, thereby performing one or more processes defined by those instructions.
  • Instructions may be embodied in, e.g., one or more computer programs, one or more scripts.
  • a “processor” means one or more microprocessors, central processing units (CPUs), computing devices, microcontrollers, digital signal processors, or like devices or any combination thereof, regardless of the architecture (e.g., chip-level multiprocessing / multi-core, RISC, CISC, Microprocessor without Interlocked Pipeline Stages, pipelining configuration, simultaneous multithreading).
  • a description of a process is likewise a description of an apparatus for performing the process.
  • the apparatus that performs the process can include, e.g., a processor and those input devices and output devices that are appropriate to perform the process.
  • programs that implement such methods may be stored and transmitted using a variety of media (e.g., computer readable media) in a number of manners.
  • media e.g., computer readable media
  • hard- wired circuitry or custom hardware may be used in place of, or in combination with, some or all of the software instructions that can implement the processes of various embodiments.
  • various combinations of hardware and software may be used instead of software only.
  • Non-volatile media include, for example, optical or magnetic disks and other persistent memory.
  • Volatile media include dynamic random access memory (DRAM), which typically constitutes the main memory.
  • Transmission media include coaxial cables, copper wire and fiber optics, including the wires that comprise a system bus coupled to the processor.
  • Transmission media may include or convey acoustic waves, light waves and electromagnetic emissions, such as those generated during radio frequency (RF) and infrared (IR) data communications.
  • RF radio frequency
  • IR infrared
  • Common forms of computer- readable media include, for example, a floppy disk, a flexible disk, hard disk, magnetic tape, any other magnetic medium, a CD-ROM, DVD, any other optical medium, punch cards, paper tape, any other physical medium with patterns of holes, a RAM, a PROM, an EPROM, a FLASH-EEPROM, any other memory chip or cartridge, a carrier wave as described hereinafter, or any other medium from which a computer can read.
  • data may be (i) delivered from RAM to a processor; (ii) carried over a wireless transmission medium; (iii) formatted and / or transmitted according to numerous formats, standards or protocols, such as Ethernet (or IEEE 802.3), SAP, ATP, BluetoothTM, and TCP/IP, TDMA, CDMA, and 3G; and / or (iv) encrypted to ensure privacy or prevent fraud in any of a variety of ways well known in the art.
  • Ethernet or IEEE 802.3
  • SAP SAP, ATP, BluetoothTM, and TCP/IP
  • TDMA Time Division Multiple Access
  • CDMA Code Division Multiple Access
  • 3G Code Division Multiple Access
  • the computer- readable medium can store (in any appropriate format) those program elements which are appropriate to perform the method.
  • embodiments of an apparatus include a computer / computing device operable to perform some (but not necessarily all) of the described process.
  • a computer- readable medium storing a program or data structure include a computer-readable medium storing a program that, when executed, can cause a processor to perform some (but not necessarily all) of the described process.
  • databases are described, it will be understood by one of ordinary skill in the art that (i) alternative database structures to those described may be readily employed, and (ii) other memory structures besides databases may be readily employed. Any illustrations or descriptions of any sample databases presented herein are illustrative arrangements for stored representations of information. Any number of other arrangements may be employed besides those suggested by, e.g., tables illustrated in drawings or elsewhere. Similarly, any illustrated entries of the databases represent exemplary information only; one of ordinary skill in the art will understand that the number and content of the entries can be different from those described herein. Further, despite any depiction of the databases as tables, other formats (including relational databases, object-based models and / or distributed databases) could be used to store and manipulate the data types described herein.
  • object methods or behaviors of a database can be used to implement various processes, such as the described herein.
  • the databases may, in a known manner, be stored locally or remotely from a device which accesses data in such a database.
  • Various embodiments can be configured to work in a network environment including a computer that is in communication (e.g., via a communications network) with one or more devices.
  • the computer may communicate with the devices directly or indirectly, via any wired or wireless medium (e.g. the Internet, LAN, WAN or Ethernet, Token Ring, a telephone line, a cable line, a radio channel, an optical communications line, commercial on-line service providers, bulletin board systems, a satellite communications link, a combination of any of the above).
  • Each of the devices may themselves comprise computers or other computing devices, such as those based on the Intel® Pentium® or CentrinoTM processor, that are adapted to communicate with the computer. Any number and type of devices may be in communication with the computer.
  • a server computer or centralized authority may not be necessary or desirable.
  • the present invention may, in an embodiment, be practiced on one or more devices without a central authority.
  • any functions described herein as performed by the server computer or data described as stored on the server computer may instead be performed by or stored on one or more such devices.
  • the process may operate without any user intervention.
  • the process includes some human intervention (e.g., a step is performed by or with the assistance of a human).
  • a limitation of the claim which includes the phrase “means for” or the phrase “step for” means that 35 U.S. C. ⁇ 112, paragraph 6, applies to that limitation.
  • a limitation of the claim which does not include the phrase “means for” or the phrase “step for” means that 35 U.S. C. ⁇ 112, paragraph 6 does not apply to that limitation, regardless of whether that limitation recites a function without recitation of structure, material or acts for performing that function.
  • the mere use of the phrase "step of or the phrase "steps of in referring to one or more steps of the claim or of another claim does not mean that 35 U.S. C. ⁇ 112, paragraph 6, applies to that step(s).
  • Computers, processors, computing devices and like products are structures that can perform a wide variety of functions. Such products can be operable to perform a specified function by executing one or more programs, such as a program stored in a memory device of that product or in a memory device which that product accesses. Unless expressly specified otherwise, such a program need not be based on any particular algorithm, such as any particular algorithm that might be disclosed in the present application. It is well known to one of ordinary skill in the art that a specified function may be implemented via different algorithms, and any of a number of different algorithms would be a mere design choice for carrying out the specified function.
  • structure corresponding to a specified function includes any product programmed to perform the specified function.
  • Such structure includes programmed products which perform the function, regardless of whether such product is programmed with (i) a disclosed algorithm for performing the function, (ii) an algorithm that is similar to a disclosed algorithm, or (iii) a different algorithm for performing the function.
  • one structure for performing this method includes a computing device (e.g., a general purpose computer) that is programmed and / or configured with appropriate hardware to perform that function. Also includes a computing device (e.g., a general purpose computer) that is programmed and / or configured with appropriate hardware to perform that function via other algorithms as would be understood by one of ordinary skill in the art.
  • a computing device e.g., a general purpose computer
  • a computing device e.g., a general purpose computer

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Abstract

Procédé comprenant les étapes consistant à recevoir un ou plusieurs documents associés à un contrat d'assurance-vie ; affecter une valeur respective à chacun desdits un ou plusieurs documents, ladite valeur indiquant un niveau d'importance ; déterminer une somme desdits un ou plusieurs documents ; déterminer une indication liée au contrat d'assurance-vie, ladite indication étant fonction de la somme desdits un ou plusieurs documents et d'au moins une des valeurs ; et afficher l'indication.
PCT/US2007/077240 2006-08-30 2007-08-30 Produits et procédés d'indication de documents associés à un produit d'assurance-vie WO2008028038A2 (fr)

Priority Applications (4)

Application Number Priority Date Filing Date Title
EP07814577A EP2057598A4 (fr) 2006-08-30 2007-08-30 Produits et procédés d'indication de documents associés à un produit d'assurance-vie
AU2007289124A AU2007289124A1 (en) 2006-08-30 2007-08-30 Products and processes for indicating documents for a life based product
CA002661905A CA2661905A1 (fr) 2006-08-30 2007-08-30 Produits et procedes d'indication de documents associes a un produit d'assurance-vie
JP2009526911A JP2010503077A (ja) 2006-08-30 2007-08-30 生命系商品に対する文書を示すプロダクト及び方法

Applications Claiming Priority (6)

Application Number Priority Date Filing Date Title
US84126906P 2006-08-30 2006-08-30
US60/841,269 2006-08-30
US11/550,303 US7734484B2 (en) 2005-10-17 2006-10-17 Products and processes for managing life instruments
US11/550,303 2006-10-17
US11/613,182 US20070226015A1 (en) 2005-10-17 2006-12-19 Products and processes for processing information in a market for life instruments
US11/613,182 2006-12-19

Publications (2)

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WO2008028038A2 true WO2008028038A2 (fr) 2008-03-06
WO2008028038A3 WO2008028038A3 (fr) 2008-08-14

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JP (1) JP2010503077A (fr)
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Publication number Priority date Publication date Assignee Title
WO2002037387A2 (fr) * 2000-11-06 2002-05-10 Worldinsure Limited Souscription d'assurance
JP2006186564A (ja) * 2004-12-27 2006-07-13 Ntt Communications Kk 利用者情報収集システム、情報入力端末、およびプログラム
JP4726892B2 (ja) * 2005-02-18 2011-07-20 有限会社糖尿病予防研究センター オークションシステム及び保険金受領権を含んだ投資信託商品の構築システム

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JP2010503077A (ja) 2010-01-28
EP2057598A2 (fr) 2009-05-13
WO2008028038A3 (fr) 2008-08-14
AU2007289124A1 (en) 2008-03-06
EP2057598A4 (fr) 2011-09-07

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