Abstract: A process for generating a financial and liquidity estate plan for a client and a life insurance product for use therewith. The process includes determining the client's assets and defining a plurality of asset categories based on type and purpose of asset. The process also includes categorizing the client's assets in the defined categories. By performing liquidity analyses of the categorized assets, the process determines current estate liquidity and projected future estate liquidity of the client. The process further includes generating a plan for re-allocating the client's assets among the defined categories based on the liquidity analyses. The product defined by the process is a pre-paid, variable life insurance product having a death benefit that varies daily as a function of gains and losses on the invested cash value of the product.

Abstract: The financial planning tool is software defining a data structure which generates a financial-estate plan using liquidity analysis of a comprehensive list of client assets (categories I-IV, personal, reserve capital, unprotected retirement, and protected retirement assets). The system obtains asset net equity before and after tax and calculates life annual income based on a financial formula with modifiable variables. Current estate tax values and liquidity at-death values for estate conditions (client and spousal death, spousal survival and client survival). Post-death annual income is calculated. Comparing unprotected and protected life annual income for asset categories I-III vs. IV with goals, identified surpluses and deficiencies result in transfer or liquidation-repurchase of assets between categories. Conventional life insurance is either purchased or cancelled or a daily rated, minimum at risk death premium life insurance product is purchased.