Abstract: Family protection insurance provides for a flexible and adjustable insurance policy that can be adjustable to be consistent with changes in the adult's insurance needs. The insurance policy is a term policy where, at predefined intervals, the policy owner may increase the policy value without requiring additional underwriting. The policy owner may also, at any time, convert all or a portion of the term policy to permanent insurance, while still maintaining the term policy and replenish the death benefit amounts of the term policy through the intermittent value increments. Thus, adults may adjust the death benefits of the term policy and convert the term policy death benefits to permanent insurance consistent with changing insurance needs.

Abstract: Family protection insurance provides for a flexible and adjustable insurance policy that can be adjustable to be consistent with changes in the adult's insurance needs. The insurance policy is a term policy where, at predefined intervals, the policy owner may increase the policy value without requiring additional underwriting. The policy owner may also, at any time, convert all or a portion of the term policy to permanent insurance, while still maintaining the term policy and replenish the death benefit amounts of the term policy through the intermittent value increments. Thus, adults may adjust the death benefits of the term policy and convert the term policy death benefits to permanent insurance consistent with changing insurance needs.

Abstract: Family protection insurance provides for a flexible and adjustable insurance policy that can be adjustable to be consistent with changes in the adult's insurance needs. The insurance policy is a term policy where, at predefined intervals, the policy owner may increase the policy value without requiring additional underwriting. The policy owner may also, at any time, convert all or a portion of the term policy to permanent insurance, while still maintaining the term policy and replenish the death benefit amounts of the term policy through the intermittent value increments. Thus, adults may adjust the death benefits of the term policy and convert the term policy death benefits to permanent insurance consistent with changing insurance needs.

Abstract: An income protection insurance product provides for payment of future benefits that can be customized by amount and/or duration. The benefits are customizable to financially plan for fluctuations in the anticipated expenses of a designated beneficiary that can be attributed to future events, income needs, or the like. The customized benefits are distributed to the designated beneficiary after the death of an insured and/or the occurrence of a secondary triggering event, such as a specified date, admission to an educational institution, age of a designated individual, a major health crisis for a designated individual, or the like. The benefit payments may vary yearly, monthly, or the like. The term can be specified for any duration, such as the lifetime of the designated unchangeable benefit life or a minimum or maximum term. The acquisition cost can be based on a risk profile of the designated unchangeable or changeable benefit life or benefit entity and/or the insured.