| 摘要 |
This invention enables donations of life insurance proceeds to beneficiaries, such as individuals, for-profit entities, and/or non-profit entities, such as universities and colleges, at no cost to the donors. The life insurance policies are held in trust and funded by endowment investment funds. Alternatively, loans collateralized with life insurance policies held by life insurance trusts, are taken by the life insurance trusts from lenders to purchase annuities that provide annuity payments to the trusts for the life of the donors. The annuity payments finance the loans and the life insurance policies and are insured by reinsurance companies for the life of each donor. Investment funds invest in the lender and/or the reinsurance company. The proceeds or death benefits of the life insurance policies are allocated, in part, to compensate and provide a return on the funding or financing of the life insurance policy, and in part, to the beneficiary. |
