Patent ID: 8060384

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 the computer, an amount of funding to provide to an employer or employee owned trust account; electronically calculating, by the computer, what portion of said funding to use to purchase at least one life insurance contract; electronically determining, by the computer, and based at least, on said benefits liability of said employer, assets of said employer, and projected future benefits liability and assets of said employer, whether to purchase said at least one life insurance contract from a non-captive insurance company or a captive insurance company; and electronically determining, by the computer, what portion of said at least one life insurance contract should be reinsured by said captive insurance company if said at least one life insurance contract is purchased from said from non-captive insurance company; wherein said trust is the beneficiary of said at least one life insurance contract; and wherein said captive insurance company is an insurance company that insures a risk of said employer who is not solely in the business of insurance.