B - Operations – Transporting – 42 – D
Patent
B - Operations, Transporting
42
D
B42D 15/00 (2006.01)
Patent
CA 2164235
A personalized life insurance policy is one which provides a unique schedule of death benefits and a unique schedule of cash surrender nonforfeiture benefits for the life insured by the policy. The schedules are selected and agreed upon by the company providing the insurance (hereinafter referred to as the Insurer) and by the policyholder and are unique to that policy. The schedule of death benefits defines for each point in time in the future the death benefit expected to be paid should the life insured die at that point in time. The schedule of cash surrender nonforfeiture benefits defines for each point in time in the future the cash amount available should the life insured terminate the insurance coverage at that time. To date, schedules of death benefits and cash surrender nonforfeiture benefits in life insurance policies have been determined by class of life insured and/or by formula defined by Insurers. Customized schedules for which the policyholder participates in the determination have not been offered.
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