Patent ID: 7756790
Filing Date: 2010-07-13
Classification: G06Q

Abstract:
1. A computer-implemented method for conducting a life settlement transaction with a policyholder, comprising: receiving by a buyer, in exchange for consideration given to a policyholder, an assignment by said policyholder of a first life insurance policy having a first death benefit value on a life of an insured, said consideration having an estimated economic value approximately equal to a life settlement value of said first life insurance policy at the time of the assignment; said life settlement value of the first life insurance policy being determined by a computer operated by said buyer and stored, in a memory of said computer; selecting, on said computer, a second death benefit value for a second life insurance policy to be purchased on the life of said insured, said second death benefit value being less than said first death benefit value; and said buyer purchasing the second life insurance policy to insure the life of said insured, at least part of said consideration being payment on premiums of said second life insurance policy, and said second life insurance policy being issued by someone other than said buyer.