Funding and Distribution of Income Stream Payments for a Period Associated with the Longevity of Participant Individuals

摘要

The present invention relates to a retirement system that addresses longevity risk of selected individuals having common mortality risks. The individuals participate in an investment group and the investment is typically grown in an accumulation phase. Thereafter, payments are distributed to surviving participants at a rate and for a number of periods calculated with respect to the longevity experience and expectations of the participants and the achieved and projected investment returns.