Patent ID: 7908156

Claim:
A method of calculating a premium payable by an insured person on a life insurance policy, the method comprising: obtaining, by an information processing system, first information regarding any claims made from a health insurance plan of the insured person; obtaining, by the information processing system, second information regarding a general well-being and/or lifestyle of the insured person by: defining a plurality of health related facilities and/or services; offering the facilities and/or services to the insured person; monitoring a use of the facilities and/or services by the insured person; allocating points to the insured person depending on the use of at least one facility and/or service in the plurality of health related facilities and/or services by the insured person; and assigning, by the information processing system, a wellness program status category to the insured person based on the points that have been allocated to the insured person, wherein the second information is the wellness program status category assigned to the insured person, and wherein the wellness program status category indicates a participation level of the insured person within a wellness program; using, by the information processing system, the first information in combination with the second information to calculate an amount of the premium payable; and re-calculating, by the information processing system, the amount of the premium payable using updated first and second information at least annually, wherein the re-calculating the amount of the premium payable using updated first and second information at least annually is comprised of two components: a first component being a pre-agreed premium increase and a second component being a further increase or decrease of the pre-agreed premium increase determined by the first and second information, wherein the re-calculating the amount of the premium payable using updated first and second information at least annually has a pre-agreed maximum amount, and wherein the pre-agreed premium increase and the pre-agreed maximum amount is between the insured person and an insurance company.