Michelle S Richter

US Patent:

20120209629, Aug 16, 2012

Filed:

Feb 10, 2011

Appl. No.:

13/025043

Inventors:

Michael J. Gordon - New York NY, US
Michelle O. Richter - Stamford CT, US
Paul C. McClung - New York NY, US

Assignee:

New York Life Insurance Company - New York NY

International Classification:

G06Q 40/00

US Classification:

705 4

Abstract:

The present invention provides methods, computer media and systems for providing a hybrid life insurance and non-life insurance investment product for an individual. Embodiments of the methods, computer media and systems include obtaining an initial investment amount for an investment product comprising a life insurance investment component and a non-life insurance investment component and a face amount of the life insurance investment component, calculating a premium payment amount for the life insurance investment component, determining a payment schedule for the premium payment amount, allocating a portion of the initial investment amount to the life insurance investment component and allocating a portion of the initial investment amount to the non-life insurance investment component, and presenting, based at least in part on the allocations of the initial investment amount to the life insurance investment component and to the non-life insurance investment component, the premium payment amount and the payment schedule, the life insurance investment component and the non-life insurance investment component as a combined investment product for an individual in a singular transaction.