Patent ID: 8635093

Claim:
A computer system to evaluate a plurality of insurance products comprising: a user interface for a user to input data for a customer and a proposed policy; a data store for storing data on a plurality of product illustration engines; an illustration engine interface to interface with each of the plurality of product illustration engines; a processor to: access information about the plurality of insurance products from the illustration engines; identify a set of values for at least one of premium and benefits for each year for the proposed policy; calculate a series of cash flows for the proposed policy by applying a decrement factor to the set of values; calculate an internal rate of return for the proposed policy from the series of cash flows, and a statistical distribution of a plurality of internal rate of returns of a proposed policy for the plurality of insurance products; determine a value for a quantitative scoring component for the proposed policy based on a comparison of the internal rate of return for the proposed policy to the statistical distribution of the plurality of internal rate of returns of the plurality of proposed policies; Obtain overall score for the proposed policy by combining a plurality of values for each of a plurality of scoring components, the plurality of scoring components including the quantitative scoring component; and output the overall score; and a display to report an output of the overall score.