Computerized indenture plan allocation determination management and reporting system

A controller for managing an indenture plan, comprising:

• means for electronically receiving indenture plan information from at least one administration system, the indenture plan information for an indenture plan with a spendthrift option;
• means for electronically receiving expense information from one or more user workstations;
• means for determining allocation information for the indenture plan, upon receipt of the expense information;
• means for determining management information as a function of the indenture plan information, upon receipt of the expense information;
• and
• means for electronically transmitting the allocation information and the management information to the at least one administration system.

A method for determining allocations to an indenture plan, managing indenture plan assets and reporting allocation information to at least one administration system, comprising the steps of:

• electronically transmitting indenture plan information from at least one administration system to a controller;
• receiving expense information at one or more user workstations;
• electronically transmitting the expense information from the one or more user workstations to the controller;
• determining allocation information for the indenture plan, upon receipt of the expense information;
• determining management information as a function of the indenture plan information, upon receipt of the expense information;
• and
• electronically transmitting the allocation information and the management information to the at least one administration system.

A method for managing an indenture plan in real time, the method comprising:

• monitoring corporate benefits paid;
• comparing corporate benefits paid to cumulative life insurance policy distributions;
• and
• in real time, comparing unreimbursed corporate benefit expenses with life insurance policy benefits payable to determine an amount available for distribution in managing an indenture plan operable without a trust and devoid of a loan.

A method implemented on a machine comprising an electrical digital computer having a processor, the digital computer in communication with an administration system and a workstation, the method comprising the steps of:

• receiving indenture plan information related to an indenture plan from the administration system;
• receiving expense information from the workstation;
• engaging the digital computer to process the expense information to generate allocation information for the indenture plan;
• engaging the digital computer to process the indenture plan information to generate management information;
• transmitting the allocation information to at least one of the administration system and the workstation;
• and
• transmitting the management information to at least one of the administration system and the workstation.

A method implemented on a machine comprising an electrical digital computer having a processor, the digital computer in communication with an administration system and a workstation, the method comprising the steps of:

• electronically receiving indenture plan information related to an indenture plan from the administration system;
• electronically receiving expense information from the workstation;
• upon receipt of the expense information, engaging the digital computer to process the expense information in real time to generate allocation information for the indenture plan;
• engaging the digital computer to process the indenture plan information to generate management information;
• transmitting the allocation information to at least one of the administration system and the workstation;
• and
• transmitting the management information to at least one of the administration system and the workstation.