Patent ID: 7158950
Filing Date: 2007-01-02
Classification: G06Q

Abstract:
1. A computer-implemented method of creating a financial plan for parental funding of a student's college education, the method comprising: (a) inputting into a computer factors for determining the total estimated present value cost of the student's college education; (b) inputting into the computer factors for determining parameters of a variable life insurance policy having an equity component for the parent to be used in funding at least a portion of the student's college education; (c) in a computer program, calculating from the inputted factors: (d) in the computer program, using the rate of accumulation of equity of the insurance policy to calculate the parameters of the insurance policy that will provide for the desired rate of accumulation, the parameters including: (e) creating a financial plan for parental funding of the student's college education, the financial plan specifying: (f) providing an output of the financial plan.