Abstract: A system and method of combining omics-based health management resources and tools for the prevention, management, recovery and protection components within a critical illness or life insurance or assurance product. The system and method are configured to construct an individualized life assurance product for managing a risk of cancer based on a user's medical and behavioral history and genomics and genetic testing based on their biological data. The individualized life assurance product provides users with a cancer prevention component, a cancer management component, a cancer recovery component, and a financial protection component accessible via the customer portal. The components allow the user to reduce risk or prevent disease, manage active disease, recover from disease, and provide financial protection in the event of disease or death.

Abstract: A product, and preferably an insurance product, whereby the product benefits reimburse the purchaser for those risks associated with a potential change in the taxation of insurance policies. Another aspect is a method to determine a benefit amount and a policy price based upon future potential changes in the tax laws. A computer system which receives as its inputs policy data, owner data and insured data and uses that data to calculate benefits, price those benefits and provide as part of its output the price of the policy and a full description of those benefits.

Abstract: A computer system and computative process for designing, implementing, processing, communicating and managing a bank-eligible investment product that invests in other bank-eligible investments wherein the risk-based capital exposure of each investment is compared to a limit database and processed using a plurality of risk-weight percentages stored in the database. The computer system receives as its inputs performance data and asset allocation data for each investment and processes that data in order to calculate the risk-based capital exposure of each investment inside the product, determine the risk-based capital assessment of an investor's total investment in the product, and as part of its output, provides sufficient reporting information for investors as required by federal, state, and local regulations.

Abstract: A system and method for conducting an electronic auction has one or more carriers submitting one or more price quotes for goods or services in response to a request by a consumer who desires to purchase the goods or services.

Abstract: The present invention involves a computer software and hardware system which smoothly integrates the following functions into an integrated computer-based system for designing and administering a BOLI plan for national banks under current federal and state guidelines and financial market constraints. The systems includes determining the highest BOLI premium permitted under OCC Banking Circular 9651, determining insurable interest requirements by accessing a database with the appropriate state's insurable interest guidelines, generating performance estimates for the BOLI plan and allocating premium amount by business unit and employee. The system also ensures that the BOLI plan is in compliance with the regulatory requirements for the business unit. In addition, the system reinsures the BOLI plan through a captive insurance company of the financial organization, obtaining policy values for the captive insurance company.