Life insurance with borrowed premium

Abstract

Disclosed is a method, comprising lending for life insurance policy premium payments paid by a lender to the insurer, collateralized by seigniorage beneficiary of the lender, nominated by the policy owner as grantor of the premium payments, whereas upon the policy termination by a specified terminal event, occurred accidentally in the life of the insured, a predefined substantial part of the benefits are paid by the insurer to the lender, before other beneficiaries receive any further benefits, while, instead of the owner, the lender is allowed be the grantor. Also, a method, comprising lender buyout of the policy at instant surrender value, and lender paying annuities to the owner until the policy is terminated by the triggering event. Lander thereby continuously invests in a zero coupon bond of indeterminate but deterministic expiration date.

Dependencies are inferred from the claim text.