Process for comprehensive financial and estate planning

A computerized method of establishing and maintaining a financial product as a life insurance product for an insured party comprising:

• electronically processing an initial funding premium for said life insurance financial product;
• electronically determining an initial cash surrender value for said life insurance financial product by accounting for said initial funding premium allocated in one or more investment accounts;
• electronically determining daily account values for said investment accounts and calculating a corresponding cash surrender value for said life insurance financial product;
• electronically determining a death benefit amount for said insured as a function of said corresponding cash surrender value sufficient to retain life insurance status for said life insurance financial product, said death benefit amount increasing and decreasing based upon said corresponding cash surrender value;
• electronically deducting a cost of an at-risk insurance amount corresponding to said death benefit amount from said corresponding cash surrender value sufficient to retain said life insurance status;
• minimizing said cost of said at-risk insurance amount in order to maximize said cash surrender value for said life insurance financial product;
• electronically funding said life insurance financial product with additional funding premiums and setting forth, in a schedule, said additional funding premiums, said schedule set forth in a policy established at the time said life insurance financial product is issued;
• and
• electronically processing said additional funding premiums set forth in said schedule without establishing insurability upon acceptance of said additional funding premiums such that each funding for said life insurance product acquires an amount of life insurance that varies with investment results over time.

A computerized method of establishing and maintaining a financial product as a life insurance product for an insured party comprising:

• electronically processing an funding initial funding premium for said life insurance financial product;
• electronically determining an initial cash surrender value for said life insurance financial product by accounting for said initial funding premium allocated in one or more investment accounts;
• upon fluctuation of said investment account or on a daily basis, determining account values for said investment accounts and calculating a corresponding cash surrender value for said life insurance financial product;
• electronically determining a death benefit amount for said insured as a function of said corresponding cash surrender value sufficient to retain life insurance status for said life insurance financial product, said death benefit amount increasing and decreasing based upon said corresponding cash surrender value;
• electronically deducting a cost of an at-risk insurance amount corresponding to said death benefit amount from said corresponding cash surrender value sufficient to retain said life insurance status;
• minimizing said cost of said at-risk insurance amount in order to maximize said cash surrender value for said life insurance financial product;
• funding said life insurance financial product with additional funding premiums and setting forth, in a schedule, said additional funding premiums, said schedule set forth in a policy established at the time said life insurance financial product is issued;
• and
• electronically processing said additional funding premiums set forth in said schedule without establishing insurability upon acceptance of said additional funding premiums such that each funding for said life insurance product acquires an amount of life insurance that varies with investment results over time.

A computerized method of establishing and maintaining a financial product as a life insurance product for an insured party comprising:

• electronically processing an initial funding premium for said life insurance financial product with;
• electronically determining an initial cash surrender value for said life insurance financial product by accounting for said initial funding premium allocated in one or more investment accounts;
• minimizing life insurance costs by:
• electronically determining daily account values for said investment accounts and calculating a corresponding cash surrender value for said life insurance financial product;
• electronically determining daily a minimum amount of life insurance death benefit for said insured as a function of said corresponding cash surrender value, said minimum life insurance with death benefit being that minimum required to maintain said life insurance financial product as life insurance and said death benefit amount increasing and decreasing based upon said corresponding cash surrender value;
• electronically deducting a cost of an at-risk insurance amount corresponding to said death benefit amount from said corresponding cash surrender value sufficient to retain life insurance status for said life insurance financial product;
• minimizing said cost of said at-risk insurance amount in order to maximize said cash surrender value for said life insurance financial product;
• electronically funding said life insurance financial product with additional funding premiums and setting forth, in a schedule, said additional funding premiums, said schedule set forth in a policy established at the time said life insurance financial product is issued;
• and
• electronically processing said additional funding premiums set forth in said schedule without establishing insurability upon acceptance of said additional funding premiums such that each funding for said life insurance product acquires an amount of life insurance that varies with investment results over time.