Abstract: A computer and communications system facilitates the administration of a mortgage and life insurance combination program in which all or a portion of the funds normally used as a down payment are used to purchase a life insurance policy. The system includes computer subsystems of a program coordinator, mortgage originators, life insurance companies, depository companies and at least one mortgage insurance company. Preferably, the system also includes the computer subsystem of licensed insurance agents. Each of the computer subsystems includes communication apparatus and software for sending communications to and receiving communications from other ones of the computer subsystems. The program coordinator maintains a database of information concerning all program participants and the products they have purchased or for which they are applying.