System, method and apparatus for providing an executive compensation system

A computer program embodied on a computer-readable medium for defining an executive compensation system, the computer program comprising:

• a code segment for determining one or more periodic payments from a taxable lump sum of money and a person's life expectancy, wherein a second entity owes the taxable lump sum of money to a person and transfers the taxable lump sum of money to a first entity, and the first entity transfers the one or more periodic payments to the person;
• a code segment for determining a non-taxable loaned sum of money from a fixed interest rate and one or more periodic interest payments that are substantially equivalent to the one or more periodic payments, wherein the non-taxable sum of money is transferred from a money lender to the person, and the person transfers the one or more periodic interest payments to the lender;
• a code segment for determining a premium for a life insurance policy for the person's life such that the life insurance policy provides a death benefit equal to or greater than the non-taxable sum of money, and wherein the one or more periodic payments are not derived from the life insurance policy and the death benefit is used to substantially repay the money lender for the non-taxable sum of money after the person's death.