Patent ID: 8346648
Filing Date: 2013-01-01
Classification: G06Q

Abstract:
1. A computer-implemented method comprising: receiving by an investment vehicle investment funds from at least one investor; computing, by a computer system, expected cash flows for the investment vehicle based on (i) outgoing premium payments for an existing, in-force life insurance policy for an insured during a lifetime of the insured, wherein the existing, in-force life insurance policy is to be purchased and held by the investment vehicle and (ii) incoming annuity payments during the lifetime of the insured from one or more Single Premium Immediate Annuity (SPIA) contracts that are referenced to and to be purchased on the insured for the existing, in-force life insurance policy, wherein: determining, by the computer system, an expected fixed-rate return for the investment vehicle for the life of the insured that is independent of a life expectancy of the insured, wherein the expected fixed-rate return is determined based on the expected cash flows, wherein the expected fixed-rate return is based on a difference between the incoming annuity payments from the one or more SPIA contracts and the outgoing premium payments for the life insurance policy during the lifetime of the insured; upon a determination that the expected fixed-rate return for the investment vehicle meets a threshold return, purchasing, by the investment vehicle, using the investment funds from the at least one investor, the existing, in-force life insurance policy and the one or more SPIA contracts, such that the death benefit of the life insurance policy is payable to the investment vehicle upon death of the insured; and periodically paying by the investment vehicle to the at least one investor in the investment vehicle the expected, fixed-rate return during the lifetime of the insured.