The data processing system and method implements an investment account structure
establishing and providing an increasing income financial product. Each subscriber
invests in a financial contractual product or program. Each subscriber designates
at least a primary beneficiary. The primary beneficiary is assigned, along with
a number of demographically similar beneficiaries, to a certain contract group.
The financial product contract is funded with principal payments, premiums or other
contributions paid by subscribers. Income is provided according to the contractual
terms or parameters to surviving primary beneficiaries of the same assigned contract
group on an increasing, survivorship basis until (a) all the initial primary beneficiaries
die; or (b) the contract expires based upon the expiration of pre-established time
periods. When the contract expires, the designated secondary beneficiaries receive
their pro rata share of the principal from the contract group.
