Patent ID: 8175952

Claim:
A method for managing a group life insurance policy with a plurality of certificates, each certificate providing a death benefit to at least one beneficiary designated by a respective person insured according to the certificate, the group life insurance policy at least partially funded by a financial account comprising one or more payments paid by a sponsor, the one or more payments expected to fund the group life insurance policy for a multi-year period, the method comprising: for each certificate of the plurality of certificates: calculating an optimum allocation value, the optimum allocation value indicative of a respective portion of the financial account determined to be optimally allocated to the certificate; creating a deposit for the certificate by allocating a respective portion of the financial account to the certificate, the allocated respective portion having a value based at least in part on the calculated optimum allocation value; and in response to one or more inputs, reallocating the financial account such that a new deposit is created for a new certificate using at least a portion of the financial account allocated to the plurality of certificates in creating the deposits for the plurality of certificates.