Auction system and system of forming investment trust and financial products and funds including viatical and life settlement

Abstract

To enable a commercial trade wherein information about dealing an optional life settlement policy is disclosed transparently and fairly, and deal the life settlement policy at a proper price. An auction system between a seller and a bidder via a communication network constructed to calculate a proper price of a viatical and life settlement policy based on an insured, a estimated remaining life of the insured calculated by a doctor, an insurance due to be paid by the insured, a commission fee of an investment trust institution and the annual interest of a viatical and life settlement policy so that it is possible to prevent the viatical and life settlement policy from being set at an illegally low price and for the insured to sell the life settlement policy at an optimized market price while fairness of a trade is maintained. Further, whether or not already-distributed key information is used for login, charges can be withdrawn from a trade account available for online settlement, and a person who has carried out an illegal action exists are verified so that troubles such as unpaid fees can be greatly reduced.

1 . An auction system, wherein 
 an auction trade between a seller and a bidder via a communication network is mediated by an auction management means, said auction management means comprising:    an information receiving means for receiving information transmitted from information terminals for said seller and said bidder connected to said auction management means through said communication network;    a login confirmation means for verifying whether or not said seller or said bidder attempts login from each of said information terminals by using already-distributed key information;    an account confirmation means for confirming whether or not said seller or said bidder has a life insurance commodity account applicable for online settlement wherefrom charges can be withdrawn; and    a trouble confirmation means for confirming whether or not said seller or said bidder has shirked payment of a fee or carried out any illegal action at a past auction trade.    
     
     
         2 . An auction system for carrying out an auction, wherein a trade related to a viatical and life settlement and life insurance policy between an insured and a purchaser via a communication network is mediated by an auction management means, said auction management means comprising: 
 an information receiving means for receiving information transmitted from an information terminal for said insured and said purchaser connected to said auction management means through said communication network;    a login confirmation means for verifying whether or not said insured or said purchaser attempts login from each of said information terminals by using already-distributed key information;    an account confirmation means for confirming whether or not said insured or said purchaser has a trade account applicable for online settlement wherefrom charges can be withdrawn;    a trouble confirmation means for confirming whether or not said seller or said bidder has shirked payment of a fee or has carried out any illegal action in a past auction trade, by reading information from a storage means;    a proper price calculation means for calculating a proper price of said viatical and life settlement and insurance policy based on an amount of a life insurance carried by said insured, a estimated remaining life of said insured calculated by a doctor, an insurance due to be paid by said insured, an interest rate of a commission fee of an investment trust institution, and an annual interest rate of said viatical and life settlement policy; and    an automatic patrol means for identifying whether or not an illegal action has been carried out, by reading a process of an auction trade by said insured and said purchaser from a storage means, and comparing said process to that of a current trade.    
     
     
         3 . An auction system according to  claim 1 , wherein 
 said login confirmation means distributes said key information to said seller or said bidder by using a leased line or a virtual leased line.    
     
     
         4 . An auction system according to  claim 2 , wherein 
 said login confirmation means distributes said key information to said seller or said bidder by using a leased line or a virtual leased line.    
     
     
         5 . An auction system according to  claim 1 , wherein 
 said login confirmation means distributes said key information when a lowest price of a life insurance commodity traded at auction is equal to or more than a predetermined amount.    
     
     
         6 . An auction system according to  claim 2 , wherein 
 said login confirmation means distributes said key information when a lowest price of a life insurance commodity traded at auction is equal to or more than a predetermined amount.    
     
     
         7 . An auction system according to  claim 1 , wherein 
 said auction management means further comprises a bidder grouping means for integrating purchase requests of a plurality of bidders so that said plurality of bidders can make a bid on a life insurance commodity in a group.    
     
     
         8 . An auction system according to  claim 2 , wherein 
 said auction management means further comprises a bidder grouping means for integrating purchase requests of a plurality of bidders so that said plurality of bidders can make a bid on a life insurance commodity in a group.    
     
     
         9 . An auction system according to  claim 1 , wherein 
 said auction management means further comprises a divided successful bid processing means for making it possible of sharing a life insurance commodity by said plurality of bidders by virtually dividing one auctioned life insurance commodity into a plurality of units.    
     
     
         10 . An auction system according to  claim 2 , wherein 
 said auction management means further comprises a divided successful bid processing means for making it possible of sharing a life insurance commodity by said plurality of bidders by virtually dividing one auctioned life insurance commodity into a plurality of units.    
     
     
         11 . An auction system according to  claim 2 , wherein 
 said automatic patrol means includes identification of an illegal action based on a rate of a total unsuccessful bidding amount against a total bidding amount of said purchaser, a number of times an unsuccessful bidder has participated in auction, and a total unsuccessful bidding amount of said unsuccessful bidder.    
     
     
         12 . An auction system according to  claim 2 , further comprising: 
 an automatic settlement means for automating balance settlement related to said viatical and life settlement and an insurance policy transferred between trade accounts applicable to online settlement of said insured, said purchaser, said auction management means, an insurance company and a medical institution based on at least any one of an insured ID, a viatical and life settlement policy ID and unit attribute information.    
     
     
         13 . An auction system according to  claim 12 , further comprising: 
 a consolation/donation payment means for comparing a dying date of said insured to said estimated remaining life, when an error occurs because of earlier death of said insured than said estimated remaining life, transferring a refund from said account of said insured to said account of said auction management means, and when an error occurs because of later death of said insured than said estimated remaining life, transferring a refund from said account of said auction management means to said account of said insured.    
     
     
         14 . An auction system according to  claim 12 , further comprising: 
 a finance management means for, when an optional financial institution finances a fund secured on said viatical and life settlement and insurance policy of said insured and then a financed fund is paid back, returning said viatical and life settlement policy of said insured taken in pledge by said financial institution.    
     
     
         15 . An auction system according to  claim 12 , further comprising: 
 an investment activity means for opening an investment activity account to save and manage investment activity funds and pool investment amount so as to make it possible of transferring said pooled money to an account of said insured, said insurance company or said medical institution.    
     
     
         16 . An investment trust and financial products formation system including a plurality of viatical and life settlement policies of which prices are set based on estimated remaining life information of insured persons calculated by doctors, said investment trust and financial products formation system comprising: 
 an input means for inputting said remaining estimated life information of said insured persons calculated by said doctors;    a storage means for storing said input estimated remaining life information into a storage medium;    a proper price calculation means for calculating a proper price of said viatical and life settlement policy based on information including at least said estimated remaining life information;    a financial products formation means for forming said investment trust, financial products and funds based on proper prices of said viatical and life settlement policies calculated by said proper price calculation means;    a estimated remaining life error calculation means for calculating error information of said estimated remaining life by reading said remaining life information stored in said storage means and comparing said read estimated remaining life information to remaining estimated life information newly inputted by said input means; and    a commodity, financial products and funds constitution changing means for changing a constitution of said investment trust, financial products and funds formed by said commodity formation means when said error information of said estimated remaining life exceeds a predetermined threshold value.    
     
     
         17 . A formation system according to  claim 16 , wherein 
 said commodity, financial products and funds constitution changing means extracts viatical and life settlement and insurance policy satisfying a desired specification for said investment trust, financial products and funds and changes said constitution of said investment trust, financial products and funds by using said error information of said estimated remaining life related to said extracted viatical and life settlement.    
     
     
         18 . A formation system according to any one of claims  16 , further comprising: 
 an electronic life settlement stock creation means for creating electronic life settlement stocks by dividing said each viatical and life settlement insurance policy included in said formed investment trust, financial products and funds then creating said investment trust, financial products and funds by combining said created electronic life settlement stocks.    
     
     
         19 . A formation system according to any one of claims  17 , further comprising: 
 an electronic life settlement stock creation means for creating electronic life settlement stocks by dividing said each viatical and life settlement insurance policy included in said formed investment trust, financial products and funds then creating said investment trust, financial products and funds by combining said created electronic life settlement stocks.    
     
     
         20 . A formation system according to  claim 16 , further comprising: 
 an automatic settlement means for taking procedures of paying a predetermined charge generated between relevant persons based on attribute information when an event of receiving insurance money occurs or an obligation to pay an insurance amount is correlated to said investment trust, financial products and funds, said attribute information of said investment trust, financial products and funds including at least information to specify each viatical and life settlement insurance policy included in said formed investment trust, financial products, funds and information to identify a purchaser granted with said each viatical and life settlement.