METHODS OF ELECTRONICALLY MANAGING LIFE INSURANCE POLICY DETERMINATIONS, AND SYSTEMS AND NETWORKS FOR DOING THE SAME

摘要

A method of determining whether to insure an applicant for life insurance is provided. The method includes the steps of: (a) electronically obtaining data from an applicant for life insurance, the data including personal data related to the applicant; (b) electronically underwriting a potential policy using the data obtained in step (a) and externally sourced data related to the applicant; and (c) electronically determining whether to insure the applicant after step (b), and if a determination is made to insure the applicant, electronically issuing an insurance policy for the applicant.