Patent ID: 8082163

Claim:
A method of providing life insurance, the method comprising: receiving identification information and underwriting information associated with a person on an application for life insurance covering the person's life, the identification information including a desired benefit amount; causing at least one host device to perform at least one database query based on the underwriting information to produce a query result; causing the at least one host device to determine that the person qualifies for the life insurance based on the query result; causing the at least one host device to display information about the life insurance, the life insurance having a total benefit amount equal to the desired benefit amount, a premium amount, and a coverage period, the total benefit amount including an all-cause benefit amount and an accidental death only benefit amount; providing life insurance coverage at the total benefit amount for the premium amount without requiring medical test results associated with the person any time during the coverage period; causing the at least one host device to display at least one modification of the life insurance during the coverage period if the medical test results associated with the person are received during the coverage period and indicate a favorable medically underwritten risk classification, said at least one modification of the life insurance including at least one selected from the group consisting of: of increasing the all-cause benefit amount, decreasing the accidental death only benefit amount, decreasing the premium amount, and extending the coverage period; and modifying the life insurance according to the at least one displayed modification.