WO2005079475A3 - Methods for reducing and eliminating risk exposure in life insurance transactions - Google Patents

Methods for reducing and eliminating risk exposure in life insurance transactions Download PDF

Info

Publication number
WO2005079475A3
WO2005079475A3 PCT/US2005/005136 US2005005136W WO2005079475A3 WO 2005079475 A3 WO2005079475 A3 WO 2005079475A3 US 2005005136 W US2005005136 W US 2005005136W WO 2005079475 A3 WO2005079475 A3 WO 2005079475A3
Authority
WO
WIPO (PCT)
Prior art keywords
risk exposure
reducing
policy
methods
life insurance
Prior art date
Application number
PCT/US2005/005136
Other languages
French (fr)
Other versions
WO2005079475A2 (en
Inventor
Steven A Burgess
Original Assignee
Steven A Burgess
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
Application filed by Steven A Burgess filed Critical Steven A Burgess
Publication of WO2005079475A2 publication Critical patent/WO2005079475A2/en
Publication of WO2005079475A3 publication Critical patent/WO2005079475A3/en

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
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance
    • 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

Abstract

A method for arranging a life insurance transaction while managing risk exposure associated with the transaction is disclosed. In one embodiment, the method includes coordinating the initiation of an insurance policy that relates to the life of a person. Execution of a loan on behalf of an owner of the policy for the payment of premiums due on the policy is also coordinated with a lending entity. The posting of collateral for the loan by a third party is coordinated, thereby removing risk exposure from the lending entity, the policy owner, and/or the insured.
PCT/US2005/005136 2004-02-18 2005-02-18 Methods for reducing and eliminating risk exposure in life insurance transactions WO2005079475A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US54552104P 2004-02-18 2004-02-18
US60/545,521 2004-02-18

Publications (2)

Publication Number Publication Date
WO2005079475A2 WO2005079475A2 (en) 2005-09-01
WO2005079475A3 true WO2005079475A3 (en) 2006-09-08

Family

ID=34886165

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2005/005136 WO2005079475A2 (en) 2004-02-18 2005-02-18 Methods for reducing and eliminating risk exposure in life insurance transactions

Country Status (2)

Country Link
US (1) US20050182670A1 (en)
WO (1) WO2005079475A2 (en)

Families Citing this family (35)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20030125997A1 (en) * 2001-12-20 2003-07-03 Allison Stoltz System and method for risk assessment
US7818186B2 (en) 2001-12-31 2010-10-19 Genworth Financial, Inc. System for determining a confidence factor for insurance underwriting suitable for use by an automated system
US7899688B2 (en) 2001-12-31 2011-03-01 Genworth Financial, Inc. Process for optimization of insurance underwriting suitable for use by an automated system
US7844477B2 (en) 2001-12-31 2010-11-30 Genworth Financial, Inc. Process for rule-based insurance underwriting suitable for use by an automated system
US7844476B2 (en) 2001-12-31 2010-11-30 Genworth Financial, Inc. Process for case-based insurance underwriting suitable for use by an automated system
US8793146B2 (en) 2001-12-31 2014-07-29 Genworth Holdings, Inc. System for rule-based insurance underwriting suitable for use by an automated system
US8005693B2 (en) 2001-12-31 2011-08-23 Genworth Financial, Inc. Process for determining a confidence factor for insurance underwriting suitable for use by an automated system
US7895062B2 (en) 2001-12-31 2011-02-22 Genworth Financial, Inc. System for optimization of insurance underwriting suitable for use by an automated system
US8275638B1 (en) * 2002-08-16 2012-09-25 Timothy J Luedtke Apparatus and method for creating a retirement medical program through a profit sharing plan and a pension plan retiree health account
US7558757B2 (en) * 2003-02-12 2009-07-07 Mann Conroy Eisenberg & Associates Computer system for managing fluctuating cash flows
US7383239B2 (en) 2003-04-30 2008-06-03 Genworth Financial, Inc. System and process for a fusion classification for insurance underwriting suitable for use by an automated system
US7813945B2 (en) 2003-04-30 2010-10-12 Genworth Financial, Inc. System and process for multivariate adaptive regression splines classification for insurance underwriting suitable for use by an automated system
US7801748B2 (en) 2003-04-30 2010-09-21 Genworth Financial, Inc. System and process for detecting outliers for insurance underwriting suitable for use by an automated system
US20050080710A1 (en) * 2003-10-14 2005-04-14 Malato Richard A. Method and apparatus for providing trading information
US7698159B2 (en) 2004-02-13 2010-04-13 Genworth Financial Inc. Systems and methods for performing data collection
US7756790B2 (en) 2004-02-23 2010-07-13 Coventry First Llc Life settlement/settlement with paid-up policy system and method
US8217166B2 (en) * 2005-05-05 2012-07-10 Galera Therapeutics, Llc Polyethylene glycolated superoxide dismutase mimetics
US8103565B2 (en) * 2005-02-10 2012-01-24 Coventry First Llc Method and system for enabling a life insurance premium loan
US7921045B1 (en) * 2005-09-02 2011-04-05 Jeffrey Mamorsky Method for offering insurance products without a complete audit of a potential purchaser
US7937279B2 (en) * 2005-10-13 2011-05-03 Bruce Bradford Thomas Collateral damage limits
US20070226015A1 (en) * 2005-10-17 2007-09-27 Lutnick Howard W Products and processes for processing information in a market for life instruments
AU2006304414B2 (en) 2005-10-17 2011-01-20 Cfph, Llc Products and processes for managing life instruments
WO2007092699A2 (en) * 2006-02-02 2007-08-16 Life Settlements Funds, Ltd. Method of valuation of life settlements and optimizing premium financing
US20090204442A1 (en) * 2006-02-02 2009-08-13 Logsdon Leslie W Method of valuation of life settlements and optimizing premium financing
US20080052211A1 (en) * 2006-06-14 2008-02-28 Buerger Alan H Method and system for protecting an investment of a life insurance policy
US8788294B2 (en) * 2006-08-30 2014-07-22 Cfph, Llc Products and processes for indicating documents for a life based product
US20080167904A1 (en) * 2006-10-04 2008-07-10 David Rudich Premium financed life insurance products and methods
US20080243554A1 (en) * 2007-03-26 2008-10-02 Cananwill, Inc. System and Method of Electronically Perfecting a Premium Finance Agreement
US20080288298A1 (en) * 2007-04-12 2008-11-20 Dattatreya Eswarahalli S Method and system for providing low-cost life insurance
US20090037232A1 (en) * 2007-07-30 2009-02-05 Goldman, Sachs & Co. Loans Collateralized by Life Insurance Policies
US20090248455A1 (en) * 2008-04-01 2009-10-01 Robert Thompson Systems and Methods for Providing Enhanced Employee Benefits
US8219423B2 (en) * 2008-05-09 2012-07-10 Cfph, Llc Transferring insurance policies
US20140250030A1 (en) * 2013-03-01 2014-09-04 Vincent Paul Iannazzo Method and apparatus using debt or equity for making financial transactions economic
US20150134370A1 (en) * 2013-11-11 2015-05-14 Robert Strauss Decision support system and method for providing a cash value life insurance policy using reduced risk premium finance
CN111105304B (en) * 2019-11-19 2023-06-02 泰康保险集团股份有限公司 Data processing method and device, storage medium and electronic terminal

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20040019506A1 (en) * 2002-07-23 2004-01-29 Struchtemeyer Brian P. Method and system for generating endowment for a tax-exempt organization
US20040030589A1 (en) * 2002-06-27 2004-02-12 Leisher Steven Charles Method, system and apparatus for forming an insurance program

Family Cites Families (16)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5631828A (en) * 1992-07-10 1997-05-20 Hagan; Bernard P. Method and system for processing federally insured annuity and life insurance investments
US5926800A (en) * 1995-04-24 1999-07-20 Minerva, L.P. System and method for providing a line of credit secured by an assignment of a life insurance policy
US5839118A (en) * 1996-01-16 1998-11-17 The Evergreen Group, Incorporated System and method for premium optimization and loan monitoring
US20010047325A1 (en) * 2000-03-03 2001-11-29 Lifewise Family Financial Security, Inc. Loans and lines of credit provided to terminally ill individuals
US7580872B2 (en) * 2000-10-06 2009-08-25 Lic Development Llc Liquid insurance contracts
US6950805B2 (en) * 2000-11-09 2005-09-27 Bart Kavanaugh System for funding, analyzing and managing life insurance policies funded with annuities
US20030110061A1 (en) * 2001-08-21 2003-06-12 Cary Lakenbach Simplified variable life insurance
US20030105700A1 (en) * 2001-12-03 2003-06-05 Spectrum Group Investments, Llc Method and apparatus for establishing and administering a wealth transfer plan
US20030105701A1 (en) * 2001-12-03 2003-06-05 Brown Michael D. Apparatus and method for implementing and/or administering a wealth transfer plan
US20030105691A1 (en) * 2001-12-03 2003-06-05 Spectrum Group Investments, Llc Method and apparatus for transferring wealth
US20040064391A1 (en) * 2002-09-26 2004-04-01 Jeffrey Lange Method and system for life settlement contract securitization and risk management
US20040093297A1 (en) * 2002-10-01 2004-05-13 The Perigee Group Arbitrage fund program
US20040148202A1 (en) * 2003-01-27 2004-07-29 Siefe Michael G. Life Insurance Continuation Plan
US20040199446A1 (en) * 2003-03-14 2004-10-07 Jeffrey Lange Financing the donation of life insurance proceeds
US20040181436A1 (en) * 2003-03-14 2004-09-16 Jeffrey Lange Method and system of charitable fundraising and socially responsible investment involving life insurance products
US20050071205A1 (en) * 2003-06-04 2005-03-31 Settlement Funding Inc. Mortality linked bond obligation

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20040030589A1 (en) * 2002-06-27 2004-02-12 Leisher Steven Charles Method, system and apparatus for forming an insurance program
US20040019506A1 (en) * 2002-07-23 2004-01-29 Struchtemeyer Brian P. Method and system for generating endowment for a tax-exempt organization

Non-Patent Citations (1)

* Cited by examiner, † Cited by third party
Title
KATZ J. ET AL: "Premium financing for leveraged life insurance: Not for the faint of heart", TRUSTS & ESTATES, vol. 141, no. 4, April 2002 (2002-04-01), pages 36 - 43 *

Also Published As

Publication number Publication date
US20050182670A1 (en) 2005-08-18
WO2005079475A2 (en) 2005-09-01

Similar Documents

Publication Publication Date Title
WO2005079475A3 (en) Methods for reducing and eliminating risk exposure in life insurance transactions
US8005739B1 (en) Pension alternative retirement income system
Kane et al. Alternatives to blanket guarantees for containing a systemic crisis
US20010047325A1 (en) Loans and lines of credit provided to terminally ill individuals
WO2002039644A3 (en) System for funding, analizing and managing life insurance policies funded with annuities
Hill Is secured debt efficient
US20070055620A1 (en) Method and Apparatus for Creating a Benefit Plan
WO2006137956A3 (en) Debt collection system
US20070055617A1 (en) Method and apparatus for creating a benefit plan
US20060195392A1 (en) Method and system for enabling a life insurance premium loan
CA2987301A1 (en) Funds lending transaction method and system
Reichmann et al. The IMF’s lending toolkit and the global financial crisis
Dobler et al. Confronting Banking Crises: Lessons from the Field
Herman INTERNATIONAL ASSISTANCE IN CATASTROPHES NEED NOT
US20070088644A1 (en) Financial Instrument
US20080249812A1 (en) Charitable Gift Program
Faure et al. Towards a deposit guarantee insurance in China? A law and economics perspective
Steeves et al. Strategies for Troubled Times, Again
McMahon Jr et al. Recent Developments in Federal Income Taxation: The Year 2013
Kurtzman et al. Navigating the Pitfalls of Chapter 11 Deposit Management
Brender et al. STRATEGIES FOR TROUBLED TIMES, AGAIN.
Santomero The regulatory and public policy agenda for effective intermediation in post socialist economies
Stoyanova Discipline, Good Faith and Payment’s Loyalty–Main Factors for Reducing the Corporate Indebtness in Bulgaria
Chambers et al. Divorce: there are tax consequences
Ban Austerity Europe, Keynesian Europe: The Politics of Debt and Growth in the European Union

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A2

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BW BY BZ CA CH CN CO CR CU CZ DE DK DM DZ EC EE EG ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX MZ NA NI NO NZ OM PG PH PL PT RO RU SC SD SE SG SK SL SY TJ TM TN TR TT TZ UA UG US UZ VC VN YU ZA ZM ZW

AL Designated countries for regional patents

Kind code of ref document: A2

Designated state(s): BW GH GM KE LS MW MZ NA SD SL SZ TZ UG ZM ZW AM AZ BY KG KZ MD RU TJ TM AT BE BG CH CY CZ DE DK EE ES FI FR GB GR HU IE IS IT LT LU MC NL PL PT RO SE SI SK TR BF BJ CF CG CI CM GA GN GQ GW ML MR NE SN TD TG

NENP Non-entry into the national phase

Ref country code: DE

WWW Wipo information: withdrawn in national office

Country of ref document: DE

122 Ep: pct application non-entry in european phase