Patent ID: 8554583
Filing Date: 2013-10-08
Classification: G06Q

Abstract:
1. A computer implemented method comprising: determining an average monthly cost of long term care for a consumer; determining an estimated total cost of long term care for the consumer; receiving and storing in a computer readable medium data describing the consumer's preferences regarding long term care resources comprising said consumer's preference with respect to an allocation of retirement assets to be used to support long term care expenses incurred by the consumer; calculating, with a processor, an initial benefit amount for the consumer; calculating, with a processor, a Benefit Adjustment Score; adjusting, with a processor, the initial benefit amount based on said Benefit Adjustment Score to determine a total benefit amount; and recommending a long term care policy providing said total benefit amount to said consumer, wherein said processors may be the same processor or different processors, and wherein the Benefit Adjustment Score is determined from a plurality of questions about the consumer's attitude regarding retirement assets and long term care options, and the steps of: