Products and processes for indicating documents for a life based product

Abstract

A method comprising receiving at least one document that is associated with a life insurance policy; assigning a respective value to each of the at least one document, in which the value indicates a level of importance; determining a summation of the at least one document; determining an indication for the life insurance policy, in which the indication is based on the summation of the at least one document and at least one of the values; and displaying the indication.

1 - 34 . (canceled) 
     
     
         35 . A life market transactional system having a server, the server comprising:
 means for receiving via a processor an indication that an insured intends to sell a life insurance policy in exchange for a settlement amount;   means for transmitting to a remote device a request for at least one document that supports that the life insurance policy, in which the remote device and the processor are in communication over a network;   means for receiving via the processor, in response to the request, the at least one document that supports the life insurance policy;   means for determining a respective quality for each received document based on at least one of:
 a source of the document, a type of the document, and a pre-determined level of importance of the document; 
   means for determining via the processor a quantity of documents received in response to the request;   means for assigning via the processor, based on the quantity of documents received and the quality of each received document, a rating to the life insurance policy, in which the rating affects the settlement amount; and   means for displaying on a display the rating that is assigned to the life insurance policy.   
     
     
         36 . The system of  35  further comprising:
 means for transmitting a request to authenticate at least one received document; and 
 receiving an authentication of the at least one received document. 
 
     
     
         37 . The system of  claim 35 , in which the means for determining the respective quality of each received document further comprises:
 means for determining the quality based on a decision tree.   
     
     
         38 . The system of  claim 35 , in which the means for displaying the rating further comprises:
 means for displaying on the display a color that is based on the rating.   
     
     
         39 . The system of  claim 38 , in which the means for displaying on the display a color further comprises:
 means for assigning a respective color based on each rating, in which a first color corresponds to a first rating and a second color corresponds to a second rating, in which the first rating and the second rating are different.   
     
     
         40 . The system of  claim 38 , in which the color corresponds to the quantity of documents received. 
     
     
         41 . The system of  claim 38 , in which the color corresponds to a marketability of the life insurance policy. 
     
     
         42 . The system of  claim 35  further comprising:
 means for storing the received documents, the determined quality and the rating into a database that comprises policy information for a plurality of available life insurance policies. 
 
     
     
         43 . The system of  claim 42  further comprising:
 means for receiving at least one search criterion from a purchaser; 
 means for searching the database for at least one life insurance policy that matches the at least one search criterion; 
 means for retrieving the at least one life insurance policy that matches the at least one search criterion; and 
 means for displaying the at least one retrieved life insurance policy. 
 
     
     
         44 . The system of  claim 35 , in which a purchaser of the life insurance policy assumes payment of the life insurance policy until death of the insured. 
     
     
         45 . The system of  claim 35 , in which a purchaser of the insurance policy is listed as a beneficiary of the life insurance policy in exchange for payment of the settlement amount to the insured.