Abstract: A computer based method and system to provide insurance protection to compensate an interested party against the financial risk that an elderly person (the “Insured”) lives a longer than expected lifetime. The method comprises the steps of determining a target survival date for the insured; determining a survival benefit; receiving a premium in exchange for payment of the survival benefit to a survival-beneficiary upon survival of the insured to the target survival date; and paying the survival benefit to the survival-beneficiary based on the insured surviving to the target survival date.