1. A computer-implemented process for proposing terms for a life insurance policy to be issued on the life of an insured and for monitoring the policy throughout its term, comprising the steps of: inputting into a storage element in a computer system information relating to a prospective insured and a prospective co-owner of a single life insurance policy, said information including the insured's tax rate, a death benefit, an initial equity share owned by the insured, a terminal equity share owned by the insured, an equity transfer schedule, and an equity transfer period, wherein the insured and co-owner are, respectively, one of an employee and employer, a shareholder and corporation, and a donor and donee, and wherein the insured and the co-owner each own undivided interests in the life insurance policy; calculating terms of the single life insurance policy, including an amount of premiums to be paid during the equity transfer period; storing quantifiable policy objectives to be achieved by the life insurance policy in the storage element; storing a predefined indexed or target value for one or more of the quantifiable policy objectives, and storing an acceptable deviation from the target value in the storage element; monitoring, using the computer system, performance of the policy relative to the quantifiable policy objectives by comparing at least one of the objectives to the predefined or indexed target value and automatically setting a flag in the storage element to identify a policy as non-conforming if an objective varies by more than the acceptable deviation from the target value; and recalculating and reproposing terms of a non-conforming policy.