| 主权项 |
1. A method for distributing an income stream of payments to a group of participant individuals for an indefinite period associated with the longevity of the participants, the method comprising:
providing one or more computers or one or more computer servers, the one or more computers or one or more computer servers having a processor and memory storage with instructions which when executed by the processor perform predetermined functions; providing a database stored on the memory storage of the at least one or more computers or one or more computer servers; in an establishment function phase:
collecting information for storage in the database relating to a plurality of potential participants, the information including mortality criteria;identifying, by the one or more computers or one or more computer servers, from the information collected, common mortality criteria and/or common expected mortality calculated from some or all of the mortality criteria relating to some or all of the potential participants indicating a substantially equivalent mortality risk;defining, by the one or more computers or one or more computer servers, from some or all the identified common mortality criteria and/or the common expected mortality, requirements for inclusion of potential participants in one or more substantially homogeneous mortality risk groups;identifying, by the one or more computers or one or more computer servers, a plurality of participants having a substantially equivalent mortality risk as determined by meeting the requirements for inclusion in the one or more groups;forming one or more groups of some or all of the identified participants, the matching of the participant in any group being selected by the participant or on behalf of the participant;establishing a group investment fund, the investment fund being the aggregation of investment payments received from or on behalf of each participant in the group;investing some or all of the investment fund in an asset allocation portfolio in accordance with predetermined investment guidelines intended to grow the investment fund; and in a distribution phase:
distributing a portion of the investment fund as payments at predetermined distribution periods, the portion being made available for distribution payments at the completion of any period being calculated according to a predefined actuarially fair calculation agreed between the participants; wherein some or all of the longevity risk is transferred to the group of participants and an income stream of payments to the participants is made available for as long as they live or until there is only a predetermined number of survivors remaining from the original group or where a predefined time has elapsed after formation of the group or after the occurrence of another predefined circumstance. |
