Structuring bonds and/or other securities collateralized by insurance policies

A data processing system for initiating, structuring and managing at least one of bonds and other securities collateralized by one or more insurance policies, the data processing system comprising:

• an input device;
• wherein the input device receives input from a user regarding (1) an appropriate grouping of insureds from a collection of one or more insureds, (2) an initial value for a face amount of one or more insurance policies, (3) one or more mortality curves for calculating a single premium, (4) a mortality expectation table for calculating the presumed mortality expectation, (5) the one or more insurance policies, and (6) an insurer's assumptions and outcomes;
• a data processing device comprising a processor and a memory;
• wherein the data processing device accepts the input and calculates an expected cash flow and timing;
• an output device;
• and
• wherein the output device outputs the results of the calculating.

A computer program product stored in a computer useable medium for structuring at least one of bonds and other securities collateralized by one or more insurance policies, the computer program product comprising:

• a module for accepting input regarding a collection of insureds;
• a module for accepting input regarding insurance policy structure and variables;
• a module for accepting input regarding insurance company policies and variables;
• a module for accepting input regarding insurance policy beneficiary assumptions and variables;
• a module for accepting input regarding a desired set of tranches;
• a module for processing the inputs to determine an expected cash flow and timing;
• and
• a module for outputting the results of the processing.