| 摘要 |
The invention includes a system and method of using life insurance to generate income for a property owner, the property owner's estate, and/or a developer of the land held by the property owner. One operation is identifying an insurable interest associated with a property and an individual with a property interest. Another operation is entering into a contractual relationship to create an insurable interest between a third party and the individual with a property interest to provide income to the individual with a property interest. Life insurance can be acquired on the life of the individual with a property interest in response to the contractual agreement. A face value of the life insurance is based at least in part on the property value. A financing party can also be permitted to pay premiums for the life insurance. The individual with a property interest can be paid at least a portion of the face value of the life insurance at least as early as a death benefit is paid. |
