Patent ID: 8301562

Claim:
A computer-implemented method for conducting a life settlement transaction with a policyholder, comprising: receiving by a buyer, in exchange for consideration given to a policyholder, an assignment by the policyholder of an interest in life insurance having a first death benefit value on a life of an insured, the life insurance being group life insurance, the consideration having an estimated economic value approximately equivalent to a life settlement value of the life insurance at the time of the assignment; the life settlement value of the life insurance being determined on a computer and stored in a computer memory; selecting, by a computer, a second death benefit value for life insurance on the life of the insured calculated using the life settlement value, the second death benefit value being a function of the first death benefit value; at least part of the consideration being payment of premiums on the life insurance, the life insurance having the second death benefit being issued by someone other than the buyer.