Patent ID: 8160948

Claim:
A system for managing and administrating a retirement fund program comprising: a computer having a processor unit, wherein said processor is configured to execute the following steps; populating an investor database that is defined by a listing of a plurality of participating investors selected to partake in the retirement fund program, wherein a fixed number of participants in the retirement fund program, an investment amount to be contributed by each participating investor, and at least one termination event defining when the retirement fund program will cease active operation have previously been designated; wherein the participating investors are listed in the database, the number of participating investors is equal to the previously determined fixed number of participants, the identities of participating investors are inaccessible to the participating investors, and each participating investor has a substantially identical remaining life expectancy, actuarially, and makes a retirement financial contribution which is a monetary financial contribution equal to the previously set investment amount to the retirement fund program; wherein the retirement financial contributions are pooled, a portfolio with funds from the pooled retirement financial contributions is funded, and acquisition and management of portfolio assets is facilitated through the portfolio; wherein one fund term life insurance policy insuring the life of one participating investor is selectively provided to participating investors such that the life of each participating investor who does not decline said fund term life insurance policy is insured; designating any participating investor who dies prior to the occurrence of the termination event as inactive in said database, wherein for any participating investor provided a fund term life insurance policy, an amount up to the value of said fund term life insurance policy is returned to a designee of the designated inactive participating investor upon that participating investor being designated as inactive in the database prior to the occurrence of the termination event; wherein revenue generated by said portfolio prior to the occurrence of the termination event is proportionally distributed to every participating investor that has not been designated as inactive in the database and said proportional distribution of revenue occurs at a periodic and reoccurring interval; and wherein portfolio assets are liquidated upon the occurrence of the termination event and liquidated portfolio assets are proportionally distributed to each participating investor that has not been designated as inactive in the database.