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METHOD AND SYSTEM FOR LIFE SETTLEMENT AND LIFE INSURANCE CONTRACTS SECURITIZATION INVOLVING ASSET AND LIABILITY STRIPPING
METHOD AND SYSTEM FOR LIFE SETTLEMENT AND LIFE INSURANCE CONTRACTS SECURITIZATION INVOLVING ASSET AND LIABILITY STRIPPING
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机译:涉及资产和责任分担的人寿和人寿保险合同证券化的方法和系统
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摘要
A method for creating a special purpose entity of high credit quality with an initial amount of investment capital, comprising the steps of: acquiring an initial amount of capital; using this investment capital to acquire a plurality of life insurance policies by executing life settlement contracts; appointing a trustee to administer the acquired life insurance policies by paying ongoing premium obligations and receiving policy benefits; performing a valuation of the underlying life insurance policies; stripping the death benefit assets from the policies and transferring or assigning them to vehicle; stripping the premium obligations from the policy and transferring or assigning them to a bankruptcy remote vehicle for consideration; transferring or assigning the premium obligations to a reinsurance company or reinsurance captive entity; paying the reinsurance company or reinsurance captive entity to assume to the premium obligations; creating a plurality of senior class securities such that cash flows for the senior class of securities are received on or before a stated date with high statistical confidence; and creating a plurality of less senior classes of securities with cash flows that are received with a lower statistical confidence.
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