A method, machine, article for an entity holding insurance. The method can include: storing in memory terms of an agreement governing an entity in which at least two parties have contributed permanent life insurance policies to the entity in exchange for ownership interests in the entity; determining, by a digital computer accessing the memory and receiving policy cash value data, an allocation of entity ownership among the parties, and storing the allocation in the memory; determining, by the computer accessing the memory and receiving data corresponding to policy cash values, policy death benefits and entity assets and liabilities, an allocation of entity profits and losses among the parties, an allocation of income among the parties, an allocation of expenses among the parties and an allocation of changes in entity assets among the parties that occur from one specified point in time to another, and storing said allocations in the memory; determining, by the computer accessing the memory, an accounting of entity, income, expenses, assets, and liabilities; and outputting, by the computer, the accounting and at least one of the allocations.