Patent ID: 7941355

Claim:
A computer implemented method of relieving an entity from at least one future payment obligation, the computer implemented method comprising: receiving, at a web page, information relating to the entity; deciding whether to issue an account to the entity; issuing an account to the entity in response to the step of deciding, wherein the entity uses the account for purchases from third parties; receiving data provided by the entity at a web page, the data being associated with at least one of the entity and the account, the data comprising: first information reflecting a trigger circumstance, the first information defining a potential future situation, and second information reflecting a line of credit intended to address at least one payment obligation; wherein the payment obligation is not initially associated with the account and not in existence at a time of issuance of the account, and wherein the payment obligation is owed to a third party; processing, using a programmed computer, at least a portion of the data using at least one actuarial computation, the actuarial computation reflecting an expected value of the line of credit; receiving from the entity at least one payment associated with the trigger circumstance and the line of credit, the at least one payment providing the entity with the ability to receive the line of credit upon occurrence of the trigger circumstance, the at least one payment comprising the expected value of the line of credit and at least one additional fee; receiving an indication that a trigger circumstance has occurred; comparing information in the indication to account information associated with the entity; determining, based on the account information associated with the entity and consistent with the data received from the entity, that the entity is entitled to the line of credit; and providing the line of credit to the entity in accordance with the account information associated with the entity.