Abstract: A method and system for processing electronic offers comprising at least one processing device that submits an electronic offer for a first policy, receives a bid that is responsive to the offer and an acceptance of the bid, and executes a transaction workflow including an agreement with a buyer associated with the bid. In the agreement, the buyer receives the first policy and pays premiums to the first entity that keep the first policy in force, pays certain fees to a second entity, which second entity issues to the owner at least one second policy with a second benefit value based on the life of the insured, the second benefit value comprising a portion of the first benefit value, and pays or causes to be paid to the second entity at least a second benefit value based on the life of the insured.

Abstract: A method and system for processing electronic offers comprising at least one processing device that submits an electronic offer for a first policy, receives a bid that is responsive to the offer and an acceptance of the bid, and executes a transaction workflow including an agreement with a buyer associated with the bid. In the agreement, the buyer receives the first policy and pays premiums to the first entity that keep the first policy in force, pays certain fees to a second entity, which second entity issues to the owner at least one second policy with a second benefit value based on the life of the insured, the second benefit value comprising a portion of the first benefit value, and pays or causes to be paid to the second entity at least a second benefit value based on the life of the insured.

Abstract: A loan is secured by insurance policy collateral between a lender, borrower with the insurance policy, and an intermediary. The intermediary establishes a securities account and holds the insurance policy, which designates the borrower as the beneficial owner and the intermediary as the record owner. The lender disburses the loan proceeds to the borrower. In the event the lender notifies the intermediary of a default, the intermediary is obligated to modify the insurance policy by designating the lender as the beneficial owner of the policy, thereby enabling the lender to control the policy. The lender, for example, may make premium payments upon the policy, or order the intermediary to sell the policy.