The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 24, 2012
Filed:
Jan. 05, 2009
Kenji Sakaue, Yokohama, JP;
Reiko Sakaue, Yokohama, JP;
Kenji Sakaue, Yokohama, JP;
Reiko Sakaue, Yokohama, JP;
Research Center for the Prevention of Diabetes, Kanagawa, JP;
Abstract
A computer-implemented system for trading a viatical and life settlement insurance policy receives a seller's selling price for the policy; divides the policy into a plurality of units; determines a price of one unit based on the number of units; receives a purchase price of the policy from at least one potential purchaser; makes an initial determination of the number of units bought by the potential purchaser in order to be allocated depending on the purchase price; compares the total number of units allocated to the potential purchaser with the total number of units into which the policy was divided; adjusts the price of one unit based on this comparison; and redetermines the number of units allocated to the potential purchaser, depending on the adjusted purchase price. The system repeats making the comparison, the price adjustment, and the redetermination for a given amount of time.