{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11494845","patent":{"patent_number":"US-11494845","title":"System and method for employing a predictive model","assignee":null,"inventors":[],"filing_date":"2017-04-19T00:00:00.000Z","publication_date":"2022-11-08T00:00:00.000Z","cpc_codes":["G06Q","G06N"],"num_claims":10,"abstract":"A predictive insurance underwriting system. An electronic life insurance policy application processing apparatus accepts data describing a consumer. An underwriting desktop processing apparatus receives the data. An underwriting rules processing apparatus determines, based on the data describing the consumer, whether the consumer is eligible for expedited underwriting of a life insurance policy covering the consumer. If it is determined that the consumer is eligible for expedited underwriting, a tele-interview processing apparatus collects first additional data relating to the consumer during a telephonic interview and, in response to a request from a processing unit, one or more third party databases transmit second additional data relating to the consumer. The processing unit is configured to: process the data collected via the electronic life insurance policy application, and the first additional data, using a predictive model that employs machine learning algorithms and generate a first score; process the second additional data to generate a mortality risk score; if the first score at least meets a first threshold score, and the mortality risk score meets at least a second threshold score, and at least certain business rules are met, generate data describing terms of a life insurance policy. A policy issuance system offers the terms of the life insurance policy to the consumer."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"System and method for employing a predictive model","description":"A predictive insurance underwriting system. An electronic life insurance policy application processing apparatus accepts data describing a consumer. An underwriting desktop processing apparatus receiv","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11494845","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11494845","citation_suggestion":"Patentable. \"System and method for employing a predictive model\" (US-11494845). https://patentable.app/patents/US-11494845","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11494845","json":"https://patentable.app/api/llm-context/US-11494845","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T23:05:54.704Z"}