Patent ID: 7805352

Claim:
A system for administering an income share plan that provides a future income stream, said system comprising: a communications link, coupled to a network and operably coupled via the network to an underwriting entity, configured to receive a request, from a fund entity, to purchase investment income shares, each of the investment income shares representing a fully paid-up right to receive and distribute a participant income share, each participant income share representing an obligation to pay an individual within a fixed age range a fixed amount at fixed intervals commencing at a fixed future income start date and continuing for a lifetime, the fixed amount being fixed at the time of purchase of the investment income shares; a processing module comprising a processor, operably coupled to the network via the communications link and operably coupled to said underwriting entity, configured to generate said investment income shares, wherein said processing module is operably coupled to said underwriting entity and configured to convert said investment income shares to participant income shares, and wherein said processing module is configured for paying lifetime income payments to an identified individual participant according to a number of said participant income shares allocated to the identified individual participant; wherein the fixed amount is a precise and invariable amount set at the time of purchase of the investment income shares.