Patent ID: 7761352

Claim:
A computer implemented method for funding benefits, said computer implemented method comprising: electronically accepting, by a computer, inputs related to specific employer information; electronically determining, by a computer, an amount of funding to provide to an employer or employee owned trust account; electronically calculating, by a computer, what portion of said funding to use to purchase at least one life insurance contract or at least one non-cancelable accident and health insurance contract; electronically determining, by a computer and based, at least, on said benefits liability of said employer, assets of said employer, and projected future benefits liabilities and assets of said employer, whether to purchase said at least one life insurance contract or non-cancelable accident and health insurance contract from a non-captive insurance company or a captive insurance company; and electronically determining, by a computer, what portion of said at least one life insurance contract or non-cancelable accident and health insurance contract should be reinsured by said captive insurance company if said at least one life insurance contract or non-cancelable accident and health insurance contract is purchased from said non-captive insurance company; wherein said trust is the beneficiary of said at least one life insurance contract or non-cancelable accident and health insurance contract; and wherein said captive insurance company is an insurance company that is at least partially owned by said employer and insures a risk of said employer who is not solely in the business of insurance.