Abstract: A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is uninsurable; responsive to a determination that the proposed insured is not uninsurable, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and commencing a comprehensive underwriting process; receive data indicative of a result of the comprehensive underwriting process; based on the result of the comprehensive underwriting process, determine a rating of the proposed insured; and, based on the rating, provide an output signal indicative of a same or changed premium for the policy.

Abstract: A computer system for processing data related to investment management includes a data storage device storing data including an account value; a plurality of investments and, for each of the investments, one of a plurality of categories associated with the investments and a value of the investments; and a server. The server is configured to access the stored data; determine a proportion of the value of the investments in the at least one of the plurality of categories to the account value; compare the determined proportion to at least one of an upper threshold proportion and a lower threshold proportion; and responsive to determining that the determined proportion is in breach of either the upper threshold proportion or the lower threshold proportion, provide output data to a fund manager computer system with instructions to reallocate value so as to provide the proportion at a predetermined value.

Abstract: A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is uninsurable; responsive to a determination that the proposed insured is not uninsurable, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and commencing a comprehensive underwriting process; receive data indicative of a result of the comprehensive underwriting process; based on the result of the comprehensive underwriting process, determine a rating of the proposed insured; and, based on the rating, provide an output signal indicative of a same or changed premium for the policy.

Abstract: A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is uninsurable; responsive to a determination that the proposed insured is not uninsurable, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and commencing a comprehensive underwriting process; receive data indicative of a result of the comprehensive underwriting process; based on the result of the comprehensive underwriting process, determine a rating of the proposed insured; and, based on the rating, provide an output signal indicative of a same or changed premium for the policy.

Abstract: According to some embodiments, first data to open an escrow account is received. The first data may include data indicative of (a) the name of a prospective parent of an unborn intended beneficiary of the escrow account, and (b) an amount to be deposited in the escrow account. A message may then be transmitted to indicate that the escrow account has been opened, and the message may include an account identification number of the escrow account. An indication that the intended beneficiary of the escrow account has been born may be received, and, in response to the indication, an instruction to convert the escrow account to a 529 college savings plan to benefit the intended beneficiary may be issued. Some embodiments are associated with a financial planning tool that receives first data indicating an age of a prospective college student along with second data indicating first investment holdings of a user, the first investment holdings not including any 529 college savings plan.

Abstract: A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is uninsurable; responsive to a determination that the proposed insured is not uninsurable, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and commencing a comprehensive underwriting process; receive data indicative of a result of the comprehensive underwriting process; based on the result of the comprehensive underwriting process, determine a rating of the proposed insured; and, based on the rating, provide an output signal indicative of a same or changed premium for the policy.

Abstract: According to some embodiments, for each of a plurality of insurance contracts, a processor is operative to identify one or more premium payments and identify a distribution fee rule applicable to each of the premium payments. The processor is operative to compute, using the distribution fee rule, a distribution fee associated with each of the premium payments and calculate a total distribution fee associated with the contract based on a total of the distribution fees associated with each of the premium payments. The processor is further operative to update a value of said contract based on the total distribution fee.

Abstract: A computer system for administering a retirement income guarantee contract includes a communications module for receiving and transmitting data, and an administration module. The administration module has: an account initiation module for storing contract data including: an initial premium amount paid on which an accumulation balance is initially based; a target payout commencement date and a payout commencement date range including the target payout commencement date; payout rates fixed at the time of payment of the initial premium amount for determining income payments for payouts commencing at dates within the range; and one or more crediting rates fixed at the time of payment of the initial premium amount for determining increases in accumulation balance until the payout date. A payout administration module determines a payout amount based on the accumulation balance at the payout date and the fixed payout rate applicable to the payout date.