Abstract: A method and system provides a life insurance policy for an insured party to a policy owner for the benefit of a beneficiary, where the life insurance policy covers recurring expenses. The method and system includes generating a recurring expense life insurance policy for the policy owner for the benefit of the beneficiary, where the life insurance policy has a defined policy term. The method and system further includes that upon the death of the insured party within the policy term, paying a recurring expense for a benefit period for the beneficiary under the terms of the recurring expense life insurance policy.