Abstract: Upon the death of an insured, a system releases gift payments to designated beneficiaries on designated dates over a period of years (e.g. ten years.) As part of the policy, the insured may select a message to be sent to the beneficiaries with the gift payments. In a preferred embodiment, the user selects the amount of gift payments, which must be divisible by $25. In a preferred embodiment, 1 unit=$100 in gift payments for 10 years. The insurer develops a premium table or other mechanism to designate a premium for each unit based on the age and sex of the insured. The insured provides the insurer with name and address of the beneficiaries, the date on which payment is to be made, and the amount. This information is stored in a data base. Prior to the insured's death, the insured's account is in living status. While in living status, a computer determines that premiums are paid, if any are due. Once the insured dies, insured's account is updated to a deceased status.