Method and apparatus for increasing liquid assets available to at least partially fund living expenses at an assisted living facility

摘要

A liquid asset enhancement system includes computing apparatus operated on behalf of an underwriter and a purchase coordinator. The underwriter's apparatus receives an individual's personal, medical history, and life insurance policy information via a communication network. The underwriter's apparatus determines (i) a mortality rating based at least on the individual's medical history, (ii) a life expectancy from a mortality table based on the mortality rating and the individual's personal information, and (iii) a proposed sale value for the policy based at least on the life expectancy and the policy information. If the individual elects to sell the policy, the underwriter's apparatus communicates at least the policy information, the individual's medical history, and the proposed sale value to the purchase coordinator's apparatus via a communication network for sale completion and delivery of proceeds therefrom to a party bound to use the proceeds to pay the insured's assisted living expenses.