Patent ID: 7421406

Claim:
A computer-implemented method for managing an integrated financial product designed to manage a consumer's unemployment risk and promote good savings behavior, the method comprising: periodically receiving payments of funds from a consumer to fund the integrated financial product “wherein the integrated financial product is comprised of a defined unemployment insurance vehicle and a defined savings contribution vehicle”; for each payment received, allocating a first portion of the funds to cover a premium for the defined unemployment insurance vehicle based at least in part on employment data of the consumer and the consumer's savings behavior in the integrated financial product; for each payment received, allocating a second portion of the funds to the defined savings contribution vehicle; dynamically adjusting the allocation between the first portion and the second portion in response at least in part to one or more changes in the employment data and the consumer's savings behavior; and wherein the unemployment insurance vehicle provides for benefits to the consumer during a period of the consumer's unemployment, the benefits including one or more contributions to the defined savings contribution vehicle.