System and method for managing and administering a lifetime income share plan

A system for administering an income share plan that provides a future income stream, said system comprising:

• a processing module operably coupled to a fund entity for generating a request for purchasing investment income shares from an underwriting entity;
• a communications module, in communication with said underwriting entity, for transmitting, from said fund entity, said request for purchasing investment income shares,
• wherein said communications module is in communication with said underwriting entity for receiving said investment income shares from said fund entity, and
• wherein said communications module is in communication with said underwriting entity for transferring, to said underwriting entity, an obligation to make lifetime income payments to a participant.

A computer-implemented method for providing a future income stream, the method comprising the steps of:

• receiving, via a communications module in communication with a fund entity, a request to purchase investment income shares;
• generating, via a processing module operably coupled to an underwriting entity, the investment income shares;
• and
• converting, via a processing module operably coupled to an underwriting entity, the investment income shares to participant income shares, wherein the processing module is configured for making lifetime income payments to a participant according to a number of the converted participant income shares.

A computer-implemented method for providing a future income stream, the method comprising the steps of:

• generating, via a processing module operably coupled to a fund entity, a request for purchasing investment income shares from an underwriting entity;
• transmitting, via a communications module in communication with the underwriting entity, the request for purchasing investment income shares to the underwriting entity;
• receiving, via the communications module in communication with the underwriting entity, the investment income shares by the fund entity;
• transferring, via the communications module in communication with the underwriting entity, to the underwriting entity, an obligation to make lifetime income payments to a participant.