Patent ID: 8380546

Claim:
A method of managing an insurance policy, comprising: using software executing within at least one computer from non-transitory storage medium, the software configured for receiving data pertaining to coverage for one or more insured events for an insured person under the insurance policy; receiving data pertaining to additional coverage under the insurance policy based upon at least one financial indicator selected from the group consisting of (a) an investment fund compared to a published price index, (b) a change in value between a local currency and a foreign currency, and (c) an interest rate level published by an authority; calculating a basic insurance amount to be paid to the insured person based on the occurrence of an insured event under the policy of for the insured person, determining, for the selected at least one financial indicator at the end of a given time period, if (a) is selected, if the interest rate of the investment performance is lower than the rate of the published price index, if (b) is selected, if the local currency is of lower value as compared to the foreign currency relative to the start of the given time period, or if (c) is selected, if the interest rate level published is lower relative to the start of the given time period, since the inception of the policy, and if the selected financial indicator is lower, then calculating an additional coverage benefit amount to be paid to the insured person on the occurrence of the insured event, based on a function of the extent of lowering of the selection and a predetermined notional starting value which is not the basic insurance amount or an actual investment amount; and causing the basic insurance amount and the additional coverage amount to be paid to the insured person or their nominated beneficiary.