Patent ID: 8229843

Claim:
A method for debt protection or cancellation, comprising: offering a borrower a debt protection or cancellation product as a part of a mortgage in response to the mortgage being offered to the borrower, the debt protection or cancellation product allowing for cancelling at least a portion of the mortgage in response to a triggering event occurring, the debt protection or cancellation product being offered as an addendum to the mortgage so that the debt protection or cancellation product is part of the mortgage, wherein said offering is performed using a computer configured to perform said offering; collecting a periodic fee in response to the borrower accepting the debt protection or cancellation product; adding a waiver for the debt protection or cancellation product in closing documentation in response to the borrower rejecting the offer to purchase the debt protection or cancellation product; and cancelling, via a computer at least a portion of the mortgage so that the at least a portion of the mortgage is no longer owed in response to a triggering event.