Abstract: A benefit plan for a member of a Native American Indian tribe comprises providing a life insurance policy having a policy benefit to the member. A premium payment for the policy is received, wherein at least a portion of the premium payment is obtained from loan proceeds generated by a loan from the tribe to the member. At least a portion of the loan proceeds is money that otherwise would be paid to the member as unearned income. At least a portion of the policy benefit is to be placed into a fund established pursuant to tribal law. A sum of money corresponding to the policy benefit is to be paid from the fund to the member upon the fulfillment by the member of a plurality of conditions.

Abstract: A benefit plan for a member of a Native American Indian tribe comprises providing a life insurance policy to be owned by the member and having provisions for a death benefit and a cash surrender value. A premium payment for the life insurance policy is received, wherein at least a portion of the premium payment is obtained from loan proceeds generated by a loan from the Native American Indian tribe to the member. At least a portion of the loan proceeds is money that otherwise would be paid by the Native American Indian tribe to the member as unearned income. The loan is secured by a security interest provided by the member to the Native American Indian tribe in at least a portion of at least one of the death benefit and cash surrender value of the life insurance policy.