| 摘要 |
The data processing system and method implements an investment account structure establishing and providing an increasing income financial product. Each subscriber invests in a financial contractual product or program. Each subscriber designates at least a primary beneficiary. The primary beneficiary is assigned, along with a number of demographically similar beneficiaries, to a certain contract group. The financial product contract is funded with principal payments, premiums or other contributions paid by subscribers. Income is provided according to the contractual terms or parameters to surviving primary beneficiaries of the same assigned contract group on an increasing, survivorship basis until (a) all the initial primary beneficiaries die; or (b) the contract expires based upon the expiration of pre-established time periods. When the contract expires, the designated secondary beneficiaries receive their pro rata share of the principal from the contract group. |
