Patent ID: 7747496
Filing Date: 2010-06-29
Classification: G06Q

Abstract:
1. A business method for using a computer to provide a death benefit to a participant having an uninsurable trait during a time period having a start time and an end time, comprising: collecting, by the computer, registration information from the participant; storing the registration information in the computer; associating, by the computer, the participant with at least one other participant, each other participant having the uninsurable trait, wherein the participant and said at least one other participant form a group of participants; before the start time for the time period, receiving, by the computer, a funding payment from each participant in the group of participants; combining, by the computer, the funding payments received from each participant in the group of participants to create a funding pool for the time period; after the end time for the time period, disbursing, by the computer, the funding pool to deceased participants in the group of participants, wherein each deceased participant died during the time period, wherein the disbursing of the funding pool disburses a portion of the funding pool to each deceased participant, and wherein when the participant is one of the deceased participants, the portion of the funding pool disbursed to the participant is the death benefit for the participant.