Systems, Methods and Products for an Insurance Coverage
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United States of America Patent
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app pub date -
Oct 7, 2014
filing date -
Jan 23, 2014
priority date (Note) -
Abandoned
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Abstract
An insurance system receives a claim based on an insurance policy for an illness. A processor determines a level of severity of the illness based on the claim. The processor determines a payout based on the level of severity of illness, where the payout comprises a staggered percentage of a maximum payout under the insurance policy. The payout can then be paid to the insured.
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