Abstract: Survival risk insurance is a method of transferring the financial consequences associated with the risk that deaths occurring within a specified period of time in a selected group of insured lives will be less in number than the expected number of deaths or less in amount than the expected amount of death benefits paid. More particularly, one entity, the Coverage Recipient, can transfer a financial risk that the actual number of deaths or the actual amount of death benefits paid during a specified period relative to a selected group of insured lives will be less than the expected deaths or the expected amount of death benefits paid to another entity, the Coverage Provider, for the payment of an appropriate premium based on the method of this invention.

Abstract: Survival risk insurance is purchased by a separate account in which variable life insurance policies are invested in order to assure the benefits of such variable life insurance policies will be available per assumptions made in a funding strategy. Alternatively, survival risk insurance may be purchased by the general account of a life insurance company to offset guarantees made in the insurer's traditional life insurance policies to pay benefits per a death benefit schedule established at the time such life insurance was issued. Such funding strategy is a strategy that relies on the death benefits of such variable or traditional life insurance policies being paid according to a schedule projected by a modeling program.

Abstract: Survival risk insurance is a method of transferring the financial consequences associated with the risk that deaths occurring within a specified period of time in a selected group of insured lives will be less in number than the expected number of deaths or less in amount than the expected amount of death benefits paid. More particularly, one entity, the Coverage Recipient, can transfer a financial risk that the actual number of deaths or the actual amount of death benefits paid during a specified period relative to a selected group of insured lives will be less than the expected deaths or the expected amount of death benefits paid to another entity, the Coverage Provider, for the payment of an appropriate premium based on the method of this invention.

Abstract: Survival risk insurance is a method of transferring the financial consequences associated with the risk that deaths occurring within a specified period of time in a selected group of insured lives will be less in number than the expected number of deaths or less in amount than the expected amount of death benefits paid. More particularly, one entity, the Coverage Recipient, can transfer a financial risk that the actual number of deaths or the actual amount of death benefits paid during a specified period relative to a selected group of insured lives will be less than the expected deaths or the expected amount of death benefits paid to another entity, the Coverage Provider, for the payment of an appropriate premium based on the method of this invention.

Abstract: Survival risk insurance is a method of transferring the financial consequences associated with the risk that deaths occurring within a specified period of time in a selected group of insured lives will be less in number than the expected number of deaths or less in amount than the expected amount of death benefits paid. More particularly, one entity, the Coverage Recipient, can transfer a financial risk that the actual number of deaths or the actual amount of death benefits paid during a specified period relative to a selected group of insured lives will be less than the expected deaths or the expected amount of death benefits paid to another entity, the Coverage Provider, for the payment of an appropriate premium based on the method of this invention.