Abstract: Method and computer-readable medium for administering an insurance policy premium payment deferral plan are disclosed. According to one embodiment of the disclosure, a method for administering an insurance policy premium payment deferral plan that maintains an insurance policy in effect while permitting deferment of premium payments owed under the policy includes determining whether a policy is eligible for a premium deferral. The method also includes automatically producing a notification for the policy if the policy is eligible for the premium deferral. The method further includes determining whether the premium deferral has been selected if the insurance policy is eligible for the premium deferral. The method also includes automatically deferring an insurance premium payment if the insurance policy is eligible for the premium deferral and the premium deferral is selected.

Abstract: Sets of future risk expectation strings for long term care and for life expectancy are categorized into a plurality of Joint Equal Age Risk Classifications, upon which risk exposure sequencing and present risk value analysis are applied to calculate joint equal age present risk values that are inputted into a Joint Equal Age Risk Chart; future risk expectation strings for long term care and for life expectancy are also categorized into a plurality of Age Differential Classifications, which are distinct and independent from the separately categorized Joint Equal Age Classifications. Risk exposure sequencing and present risk value analysis are applied to calculate temporary joint equal age present risk values and temporary differential present risk values, which are compared to generate temporary age equivalence differentials that are inputted into a temporary age equivalence matrix from which an age differential adjustment factors are drawn and inputted into an Age Differential Adjustment Chart.