Methods and systems for providing longevity insurance with or without an asset based premium

A computerized method for providing longevity insurance comprising:

• electronically receiving information for issuing a first insurance product and longevity insurance in the form of a provision of the first insurance product for an individual, the longevity insurance provision providing deferred income payments for a period of time in a second stage of retirement beginning at a predetermined date that is after an individual's anticipated retirement date, the first insurance product providing income payments for a period of time in a first stage of retirement up to the predetermined date;
• and
• electronically determining, via a processing device, one of a premium and an income payment for the individual for the longevity insurance provision, the premium or income payment computed at least in part based on:
• an amount of income purchased, wherein the amount of income purchased is a function of a net premium paid into contract at an income start date under the longevity insurance provision, an annual crediting rate, an amount of time between the issue date and the income start date of the longevity insurance provision, and an annuity factor.