G - Physics – 06 – F
Patent
G - Physics
06
F
G06F 17/60 (2000.01)
Patent
CA 2321459
The present invention generally comprises a computer-based method for creating an optimal configuration of at least one life insurance policy issued by a financial service provider, at least one of the policies covering at least eleven persons in a pool of eleven or more prospective insureds, comprising the steps of: a) generating a current insurance policy configuration C comprising a set of elements, the elements including a trial number of policies, association of specific lives to specific policies, specified number of lives insured for each policy who must be deceased before a death benefit is paid, premium paying period for each policy, and face amount for each policy; b) modifying one or more elements of the current configuration C to create a modified configuration M; c) replacing the current configuration C with the modified configuration M if the modified configuration M satisfies a predetermined test criterion; and, d) repeating steps b) through c) until further modifications to the configuration do not satisfy the predetermined test criterion, at which point the current configuration C is defined to be the optimal configuration.
Genesis Financial Products Inc.
Mccarthy Tetrault Llp
LandOfFree
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