Abstract: A method of providing collateral financed premium for an insurance policy includes the steps of securing a premium loan from a lender for annual premiums of an insured borrower of an insurance policy, and securing a collateral loan from a third party for payment of interests of the annual premium loan, wherein the interest of the financed premium will be paid by the collateral loan when an earning income from a contract value of the insurance policy is less than the annual interest of the premium loan. In addition, in computation of the contract value and the total premium loan required, credit rate of the contract value for at least the first two years of the insurance policy is set as zero percent.

Abstract: Systems and methods are provided for administering a test using an electronic device. The electronic device is registered to a test-taker, where the registering includes receiving identifying information from the test-taker and associating the electronic device with the test-taker using the identifying information. The test is stored in encrypted form on the electronic device, and the test includes a test question. The test is decrypted prior to test administration. The test is administered to the test-taker via the electronic device, and the administering includes displaying the test question on the electronic device and receiving an answer to the test question on the electronic device. The administered test is removed from the electronic device after transferring the answer to a testing service.