Patent ID: 8527304

Claim:
A method for providing insurance to one or more individuals, the individuals forming a group, comprising the steps of: a) receiving a request from the group for insurance; b) examining the group, thereby providing a first examination, to determine initial health status data for the one or more individuals in the group; c) providing the initial health status data to a computer; d) calculating, with the computer, an initial premium for insurance for each of the one or more individuals utilizing the initial health status data; e) paying the initial premium by the group and the group becoming insured; f) providing health examinations after the first health examination for the group; g) determining updated health status data after each examination for each of the one or more individuals; h) entering the updated health status data for each of the one or more individuals into the computer and computing an updated premium for each of the one or more individuals in accordance with the updated health status data; and i) crediting differences determined by the computer between the initial premium and the updated premium to each of the one or more individuals for whom the initial premium is greater than the updated premium, thereby establishing accumulated credit.