US 7,685,007

Method for Linking Insurance Policy

Abstract

An insurance program that provides improved health care and longevity by emphasizing health improvement and maintenance. After a predetermined waiting period from the time health insurance is purchased, during which the health status of the insured is maintained or improved, the insured may link the health insurance policy with one or more other types of insurance policies, such as; life, disability, nursing home, etc. Throughout the life of the policy, portions of the premiums may be deposited in an escrow account, provided that the health of the insured is maintained or improved, which may be utilized to pay or help pay for the linked insurance and may also be utilized for retirement benefits.

Independent claims

1. A method capable of providing an insurance program, comprising:
   1. receiving a request from an individual for insurance coverage
   2. for a first time period, calculating, with a computer, a first premium for providing insurance coverage to the individual during the first time period based on a first health examination of the individual
   3. charging the individual the first premium and providing insurance coverage to the individual during the first time period
   4. for a second time period subsequent to the first time period, calculating, with the computer, a second premium for providing insurance coverage to the individual during the second time period based on a second health examination of the individual
   5. determining, with the computer, that the second premium is less than the first premium
   6. charging the individual the first premium and providing insurance to the individual during the second time period
   7. depositing the difference between the first premium and the second premium in an account crediting the individual, thereby providing a health maintenance incentive for the individual