Interactive systems and methods for estate planning related activities

摘要

Systems and methods for performing insurance related activities are provided. Software can be implemented to provide a (optionally networked) application that includes an interactive interface for use by insurance professionals in managing clients. Personal data can be received for computing a client's financial condition. Business data of the client can be received for computing a business financial condition of the business at the death of the client. An assumption of the business financial condition, including levels of business owned life insurance can be modified. A selection mechanism can also be provided, which when selected displays a representation of a death benefits to the client and to the business, based on the modified assumption. The personal financial and business financial condition can change in relation to a change in the personal death and business death benefit as the assumptions are interactively modified, thereby showing the benefit of business owned life insurance.

主权项

1. A computer-implemented method for interactively analyzing and illustrating a grantor's estate transfer to heirs comprising:
storing grantor information including a life expectancy state and a current financial state with a computer; receiving a selection of one or more key assets; calculating with the computer a projected financial state, wherein the projected financial state is calculated by a wealth shifting tool utilizing the life expectancy state and a financial change in the current financial state that occurs when an estate disbursement is triggered, wherein at least a portion of the triggered estate disbursement is based on the received selection of one or more key assets; presenting an interactive interface that displays the current financial state and the projected financial state over a period of years; and data gathering, with the interactive interface, estate related parameters to redisplay the projected financial state based on the estate related parameters on the computer.