A data processing method and system for implementing a program to produce income from assets not normally income-producing, or to increase income from assets that already produce some income, is provided. According to the program, an interest-free mortgage is taken against the asset as security for a promissory obligation by a participant to pay a sum certain on his death. The promissory obligation becomes part of a fund which derives income through payment of such obligations as participants di...

A system and method for processing transactions in renewable options in stocks or other securities. The system provides means for entry of customer data and renewable option transaction data, means for processing the data, and means for storing the data. Included in the transaction data is data regarding the criteria under which the renewable option investment will be renewed, as well as data indicating the renewal premium for renewing the renewable option, which may be a fixed amount or an amou...

Methods and apparatus for funding a future liability by means of an insurance investment program. The system estimates the expected cost of the liability when the liability is expected to occur and computes the present value of each unit of insurance needed to yield that expected cost at maturity. The system also aids the insurance fund manager in making decisions regarding investment of fund assets in order to meet present and future obligations of the fund.

Computer data processing, programming and printing for an improved incentive award program which allocates monetary amounts available for expenditure through credit instruments issued to program participants when the participants perform to a designated level of achievement. Participants identifying information and credit instrument account numbers are stored in memory. The incentive program can be divided into multiple time periods. Levels of performance are calculated and assigned for each par...

A financial calculator executes calculations on amortization of a loan, and depreciation, and calculation results are displayed on a display unit as a graphic representation in view of time lapses. To confirm the calculation results, the resultant values are displayed and also the portions of the displayed graph corresponding to the resultant values are displayed in a specific form by which meanings of these calculated values can be efficiently grasped.

A processing system manages investments, wherein certain types of investments are represented in two redundant media, the first media being an investment that produces revenue and the second media being a negotiable draft similar to a traveler's check, drawn against an issuer other than the investor. The processing system supervises the issuance of drafts in response to the addition of a first media investment to an investment account, permits issued drafts to be transferred between account hold...

A data processing system is disclosed which tracks each client's cumulative travel usage over time for the purpose of authorizing travel requests and ensuring a predetermined minimum return on an initial investment base. Such variables as frequency of use and level of service (i.e., first class, coach, etc.) are translated into cumulative cost figures which are carefully tracked and compared with a "travel ceiling." This ceiling is actually a constantly varying reference base line of maximum exp...

The purchasing system with a rebate feature is utilized by subscriber-purchasers, vendors providing goods and services, a future benefit guarantor such as an insurance company selling annuity contracts and in some cases an escrow agent. The purchasing system allows for the input of purchase orders from the subscriber-purchasers for selected goods and services and correlates the transfer of funds from those purchaser-subscribers to the various vendors selling the selected goods. In one instance, ...

An improved pension benefits system for enrolled employees of subscriber employers including a master trust institution and a life insurer institution. The master trust institution computes and receives each subscriber employer's periodic payment thereinto based primarily upon that employer's number of current employees, their ages and monthly earnings; purchases and retains a life insurance policy from the life insurance institution covering each enrolled employee; invests in available securiti...

This system and method for storage and retrieval of investment asset data in a computer system separates the data into many small files each of limited size and related to a functional attribute of the investment instrument. By storing the data in these separate files rather than all together as in the prior art, one develops a system that appears more complex, but is better suited to computer processing. It is faster, more easily programmed, less prone to error, and more readily expanded to han...