Patent ID: 8484053
Filing Date: 2013-07-09
Classification: G06Q

Abstract:
1. A method of combining a Money Transfer Service and a life insurance service comprising the steps of: providing, by the Money Transfer Company, an agent; collecting, confirming and storing, via a computer system of the Money Transfer Company, information of the main policy holder and the one or more complementary policy holders; providing, by the life insurance company, a reciprocal life insurance product that protects the main policy holder and the one or more complementary policy holders at the same time; sending, by the computer system of the Money Transfer Company, a required control report of money transfer orders to the insurance company every time the agent makes a transaction within a predetermined period of time, wherein, the control report of money transfer order contains the identification (ID) number of the money transfer orders made by the agent, the amounts of the money transfer orders, the fees charged for the money transfer service, and, a number of premiums that the Money Transfer Company has to pay to the insurance company; and, starting the reciprocal life insurance policy, by the life insurance company.