INSURING LONGER THAN EXPECTED LIFETIME

摘要

A method and system to provide insurance protection to compensate an interested party against the financial risk that an elederly person (the "Insured") lives a longer than expected lifetime. The method comprises the steps of determining a target survival date (112) for the insured; determining a survival benefit; (108) receiving a premium in exchange for payment of the survival benefit (108) to a survival- beneficiary upon survival of the insured to the target survival data (116); and paying the survival benefit to the survival-beneficiary based on the insured surviving to the target survival date (122).