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(12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) 



(19) World Intellectual Property Organization 

International Bureau 

(43) International Publication Date 
14 February 2002 (14.02.2002) 




PCT 



I II I 



(10) International Publication Number 

WO 02/13438 A3 



(51) International Patent Classification 7 : G06F 17/60 (81) Designated States (national): AE, AG, AL, AM, AT, AU, 



(21) International Application Number: PCT/IB0 1/01406 

(22) International Filing Date: 7 August 2001 (07.08.2001) 
(25) Filing Language: English 



AZ, BA, BB, BG, BR, BY, BZ, CA, CH, CN, CO, CR, CU, 
CZ, DE, DK, DM, DZ, EC, EE, ES, FI, GB, GD, GE, GH, 
GM, HR, HU, ID, IL, IN, IS, JP, KE, KG, KP, KR, KZ, LC, 
LK, LR, LS, LT, LU, LV, MA, MD, MG, MK, MN, MW, 
MX, MZ, NO, NZ, PL, PT, RO, RU, SD, SE, SG, SI, SK, 
SL, TJ, TM, TR, TT, TZ, UA, UG, US, UZ, VN, YU, ZA, 
ZW. 



(26) Publication Language: 



(30) Priority Data: 

2000/4014 



7 August 2000 (07.08.2000) ZA 



(71) Applicant (for all designated States except US): DIS- 
COVERY LIFE (PTY) LTD. [ZA/ZA]; 25 Fredman 
Drive, 2196 Sandton (ZA). 

(72) Inventors; and 

(75) Inventors/Applicants (for US only): RABSON, Kenneth, 
Steven [ZA/ZA]; 5 College Mews, Regina Avenue, 2192 
Fairmount Extension (ZA). GORE, Adrian [ZA/ZA]; 6 
Riviera Villas, Riviera Road, 2193 Killarney (ZA). MAY- 
ERS, Herschel, Phillip [ZA/ZA]; 32 Wordsworth Avenue, 
2007 Senderwood (ZA). 

(74) Agents: GILSON, David, Grant et al.; Spoor and Fisher, 
P.O. Box 41312, 2024 Craighall (ZA). 



English (84) Designated States (regional): ARIPO patent (GH, GM, 
KE, LS, MW, MZ, SD, SL, SZ, TZ, UG, ZW), Eurasian 
patent (AM, AZ, BY, KG, KZ, MD, RU, TJ, TM), European 
patent (AT, BE, CH, CY, DE, DK, ES, Fl, FR, GB, GR, IE, 
IT, LU, MC, NL, PT, SE, TR), OAPI patent (BF, BJ, CF, 
CG, CI, CM, GA, GN, GQ, GW, ML, MR, NE, SN, TD, 
TG). 



Published: 

— with international search report 

— before the expiration of the time limit for amending the 
claims and to be republished in the event of receipt of 
amendments 

(88) Date of publication of the international search report: 

11 April 2002 

For two-letter codes and other abbreviations, refer to the "Guid- 
ance Notes on Codes and Abbreviations " appearing at the begin- 
ning of each regular issue of the PCT Gazette. 



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(54) Title: MANAGING A LIFE INSURANCE INVESTMENT 



(57) Abstract: A method of managing an investment of a policyholder which corresponds to a sum assured is described. The 
invention has particular application to life insurance. The policyholder selects a basic sum assured, and a periodic basic premium 
corresponding to the basic sum assured is calculated. The basic sum assured is linked to one or more financial indices so that the 
value of the total sum assured increases or decreases with changes in the value of the indices. An additional premium is calculated 
Q based on the cost of the linking, and a composite periodic premium is calculated. By using derivative instruments, the policyholder's 
investment corresponds to the actual sum assured from inception of the policy, compared with conventional schemes which involve 
1^ the periodic investment of the policyholder's contributions. 



INTERNATIONAL SEARCH REPORT 



International application No. 
PCT/IBO 1/0 1406 



A. CLASSIFICATION OF SUBJECT MATTER 

IPC(7) :G06F 17/60 
US CL :705/36, 35, 4- 

According 1 to International Patent Classification (IPC) or to both national classification and IPC 

B. FIELDS SEARCHED 

Minimum documentation searched (classification system followed by classification symbols) 
U.S. : 705/36, 35, 4 



Documentation searched other than minimum documentation to the extent that such documents are included in the fields 



Electronic data base consulted during the international search (name of data base and, where practicable, search terms used) 
WEST, DIALOG 



C. DOCUMENTS CONSIDERED TO BE RELEVANT 



Category* 



Citation of document, with indication, where appropriate, of the relevant passages 



Relevant to claim No. 



x 



US 5,991,744 A (DICRESCE) 23 November 1999, col. 4, line 25 
thru col. 15, line 65. 

US 5,631,828 A (HAGAN) 20 May 1997, entire document. 



1-14 



1-14 



| | Further documents are listed in the continuation of Box C. | | See patent family annex. 



* Special categories of cited documents: 

"A" document defining the general state of the art which is not considered 

to be of particular relevance 

"E" earlier document published on or after the international filing date 

"L" document which may throw doubts on priority claim(s) or which is 

cited to establish the publication date of another citation or other 
special reason (as specified) 

"0" document referring to an oral disclosure, use, exhibition or other 

means 

"P" document published prior to the international filing date but later 

than the priority date claimed 



later document published after the international filing date or priority 
date and not in conflict with the application but cited to understand 
the principle or theory underlying the invention 

document of particular relevance; the claimed invention cannot be 
considered novel or cannot be considered to involve an inventive step 
when the document is taken alone 

document of particular relevance; the claimed invention cannot be 
considered to involve an inventive step when the document is combined 
with one or more other such documents, such combination being 
obvious to a person skilled in the art 

document member of the same patent family 



Date of the actual completion of the international search 
14? JANUARY 2002 


Date of mailing of the international search report 

08 FEB, 2002 


Name and mailing address of the ISA/US 
Commissioner of Patents and Trademarks 
Box PCT 

Washington, D.C. 20231 
Facsimile No. (703) 305-3230 


Authorized officer * y y ^ 

HANI KA^Z^"^^^^^^ 
Telephone (70S)-S05-1 061 



Form PCT/ISA/210 (second sheet) (July 1998)*