Patent ID: 8612263
Filing Date: 2013-12-17
Classification: G06Q

Abstract:
1. A computer processing system that performs a cash value adjustment to a life insurance policy issued by an insurer and owned by a policy owner, the computer processing system comprising: a computer processor executing: the communication portion inputs parameters of a life insurance policy, the parameters including controlling parameters, and the controlling parameters including: the relationship processing portion analyzes a relationship between the constraint dictated parameter and the driven parameter; the re-underwriting analysis portion performs a re-underwriting of the life insurance policy using the parameters of the life insurance policy and a set of re-underwriting criteria, the set of re-underwriting criteria including a constraint relationship, the constraint relationship constituting a relationship between certain of the parameters of the life insurance policy, the re-underwriting analysis portion generating re-underwritten policy data to constitute a re-underwritten policy; the relationship processing portion determining a magnitude of change, resulting from the re-underwriting, in the constraint dictated parameter; the cash value adjustment portion performs an adjustment of the driven parameter based on the magnitude of change, before and after the re-underwriting, in the constraint dictated parameter, the adjustment being performed to maintain the relationship between the constraint dictated parameter and the driven parameter under a formula agreed upon by the life insurance policy insurer and the policy owner; and the communication portion outputting the re-underwritten policy data of the re-underwritten policy along with the adjusted constraint dictated parameter and the adjusted driven parameter; and wherein the computer processing system is in a form of a computer processing system that processes insurance related information.