i use when i would show the wrong, why don't just don't the world to shape out this thing because the african and engagement equals the trail. when so many find themselves worlds apart, we choose to look for common ground in the in the moon, the mm

mm. ah. so my father, when i was a kid, he was raising us while going to college and working full time job and sometimes to jobs. he knew how to be serious if, if the situation called for it, but most often he was just a goofy guy. i know in the background this whole time, he was stressed out in pain, you know, worried about his finances. it's even going to be able to make the mortgage bill he had that, that same humour, he never lost it even to the very end. ah, just financial situation. retirement age was dire, it was terrible. he had nothing. he was diagnosed with stage 3 head and that cancer, which is pretty vague, but it was canceled the console stage 3 because it had already spread to his live

me. this is done. shouldn't braiden's father like him? millions of americans, which were time and every year with almost no savings. i'm strangled by medical costs. me. america is a land of every man for himself, connective pension system or universal health care, basic insurance for poet pension, as covers almost nothing they have to pay out of their own pockets. this worrying phenomenon touches all of american society and is only getting worse as more baby boomers retirement. a new study reveals a jarring truth for baby boomers tonight, instead of retirement and relaxation, many are facing bankruptcy. what's happening today? the go? well this is accelerating a long term trend that we've seen in the great receive core even more fuel on that medical costs out of pocket expenses have gone up dramatically. and then we should

also note that median household income wages in general have been stagnant for almost 3 decades. a drama, not for everyone. the financial world creates a mechanism that generates profit, even out of depression. it's known as the life settlement market. the system involves buying life insurance policies from hundreds of thousands of elderly and sick americans. once bought by brokers, the policies are bundled in life portfolios and transformed into financial products to be traded on the financial market. so directly to investors around the world, generating around $3000000000.00 a year from the usa to geneva and zurich. this is how the financial world has produced yet another part of the system will profit. ah,

the girl, this is her. thank you. yeah. i micky. wow, so i'm changing a lot here. ok. dad's old house. now it's my house. i thought i make some changes. so this used to be my dad's house. and then he left it to jordan and he did a lot of fixing up before he died to make sure that the grand babies had a nice, safe, clean. so he started doing research on, on what he could do, what were his options, how, how, how do people survive in this country when they don't have, you know, a money basically, or job and you're already over a retirement age and i'm pretty sure that was one of the only options that is left is to sell your life insurance. i don't know what else he would have done. i didn't

know that was an option at all. i'm sure he was. i don't think he knew it was an option either until he just started googling around. you know, once he found out it was an option. it was kind of a no brainer. mm. is what done found off the searching life settlement on google ads from dozens of companies competing to find retirees ready to sell their life insurance. mm hm. how it works. life insurance is a form, a savings through monthly premium is paid to the insurance. when the insured person does the money is usually paid out to a family members with a life settlement, the unsure agrees to sell and life insurance to an investor in exchange for an immediate pay out. the investor then continues to pay the monthly premiums on the day of death, the bio pockets, the remaining insurance pay out, often making

a significant gain could be won for the process to be profitable for the investor. the insured has to die as quickly as possible. the longer i live longer, the investor has to keep paying and losing money. ah ah yeah. oh, americans being plunged into poverty on retirement is one thing. but the life settlement industry needs to find the most desperate situations. people weaken by fairness and strangled by medical costs, that investors put their trust in specialists to study candidates, medical records to identify those with the shortest possible life expectancy. oh, you are in a way,

trying to outsmart good. well, now we're that we can't do to do a good at this. you need to have medical professionals who can evaluate medical records and distinguish the really severe from the less severe. mike soperano is one of the pioneers in estimating life expectancy for life settlements based in washington. his company evaluates over $10000.00 files a year. you given estimation in terms of months, weeks, days. what's, what's typically months. months is, is the standard and the life expectancies can vary all, all over the chart. we get very complex cases of people with advanced cancer or with a l. s. or other severe impairments who can have life expectancies of

2 years. one year, less than one year. and then we get people who are relatively healthy and they can have life expectancies of 1215 and more years. those policies may not transact as often because the numbers don't work out as well . now did these more bit financial products appear to understand that we have to go back to the 1980s. the aids epidemic took the world by surprise and promote panic and misunderstanding . throughout the country. published unit is actually was the west. new plasma goes us up, less speak you less, you will surely be on the via the maillot. you see down us down the let the can you rush, they will matlab the new goals some separately does she want to be a thomas? i'm up to sheila to tell you that up. that's your answer. yeah,

i will give or maybe you guys will, isn't that media nash don't vomit on speak you lot. the less your v c d, or say both chef? portia, i've, yes, you will form. you don't get yourself initially, there was no cure. and so the deaths happened as predicted. and then in 95, i believe it was when they came out with the cocktail. that was the 1st of a series of drugs that extended life significantly. these funds that were created went under the with a miracle aid survivor's life policies didn't just disappear in the financial world . they were traded cheaply among new investors. and eventually we to the banks of the limo. yes, the life insurance policies of those thousands of americans hit by the epidemic 25

years ago. now sit in new investment funds sold by a geneva company. ah, here's what we found in brochures promoting this makeup investment. ah, one life settlement fund most of betting on the early deaths of 4532 elderly americans. many of us are h i v carriers each month around 10 of them died, providing a consistent income of millions of dollars in the tactfully referred to as maturity. tend to be more numerous in some of the heat waves. the total value of life insurance held by pensions is $434000000.00. we tried to meet a fund manager who places these products on the geneva market, but without success. we did catch up with him,

but he wasn't very talkative. death traders are terribly afraid of the light by this it costs up calling the journal. if i tried to contact you, i sent you an email recently about a home that we are in background. we have some simple questions bank. give me after that attempt failed. we finally received some explanation in an email from an anonymous ellis, a pension administrator. me, would you the specific monday person at the yes, that's good. i'm sorry. did it a simple, i mean it about to criticize it? present vegas and you heads up a professor. what you want to publish models notice said the issue and i'm all i

got the media. do you the system, the life that meant this on the don't know the best thing to other claims and i'll stay with this with gentle dental i do you have a life insurance policy you no longer want need or simply can't afford the same proposition is made to baby boomers, are you sick and pull but want a few more years to enjoy your retirement seller, your life insurance? if you can buy policies from people, of lesser income. if you can buy a $100000.00 policy from someone who's annual income is $50000.00 versus someone who's annual income is $250000.00, you'll do better in the $50000.00 universe. that's pretty clear. why would it be better?

well, because their, their death rate will be higher because they are part because they're earning level because they're earning less. there's a, there's a relationship between death rates and income that is actually fairly straight line. ah ah no one, no, no, no, no, no, no. what the most of the location of the unit 731 was a unique organization in the history of the world. what they were trying to do was to simply do nothing short and build the most powerful and most deadly

biological weapons program that the world had ever known. real enough to build on it. so new to keep on? no, no, no, no, i'm new and i got the sale. i wonderful. i wish to know about jewelry. who knew? he didn't more than a journalist, i had a little cold and weather and all buddy bill, you can nice little to do want to on this the little she my new on it and all i isn't all good.

you know, put them out to take your boss who want to make sure, you know, board is under my number as emerge. we don't have authority. we don't actually the whole world needs to take action and be ready. people are the judge. you learn come crisis. we can do better, we should be better. everyone is contributing each in your own way. but we also know that this crisis will not go on forever. the challenges for the response has been massive. so many good people are helping us. it makes us feel very proud that we are together

in ah ah ah ah, if you are age 65 or older, have at least $250000.00 in life insurance and want to learn more about your options for a life settlement. go to l i s market dot com and the proceeds can be used any way you want for retirement income to pay medical bills.

ah, that's exactly what don shawn was forced to do. at 65, he had nothing left the meagre savings that he wanted to leave to his children were in his life insurance. but terminally ill and with no income, he had no choice but to sell to the highest bidder. dad and leave me any documents related to the life settlement, but i did find his email account a conversation that he was having if you are of the same as the others, why would i deal with you? i'm sure you understand. i have to get the most i can as the, his basically all the living up for whatever time i have left, the other company came back and offered me a 150000. now, any chance you could meet that i might get them to match the $150000.00 for you and pose much faster than the other group i hadn't heard from you. so i went ahead and

got the other companies paperless notarized. for most people that task would be no big deal. but in my condition, that was what was going on. i was aware that somebody was making a lot of money because insurance policy, me honestly, by my estimation, this policy will cost just $2.00 to $3000.00 in premiums. so it seemed to me 75 percent of the death benefit would be fair to me. still quite profitable for the buyer. as i said, the more i can get, the better things will be for me. so i'm definitely interested in the best price i can get. we can over $165000.00 for the policy. go ahead and send the new stuff in the end i don't signed and was paid within a week. mm. the pension funds that bought his policy only had to wait a few years and made a profit of around $50000.00. when dorm died in november 2019

michael friedman is a life settlement broker. we are a life settlement provider to means that we buy life insurance policies from primarily seniors throughout the united states who no longer want or can afford their life insurance policies. baby boomers are now 73 years old, which is around the age at which like settlements become more likely to, to work for the seniors as they get older. and they need assistance with, with activities of daily living as, as they're referred to bathing, dressing, transportation, eating. and they can't take care of themselves. and they need what's called long term care. then medicare doesn't cover that. so we have a retirement crisis in this country and we have a health care crisis for seniors in this country as well. the

do you think the situation would be the same in the us for this industry? with a strong universal health care, it would reduce the discrepancy in the life expectancy from poor to rich and provide less of a windfall if you will. if would be less profitable? well yeah, you could say less profitable. sure. and what we're seeing now with the silver su nami, of sr, is now turning $73.00, the baby, the 1st baby boomers. we see that there is a shortfall that we see that governments are facing increased costs in their medicaid budget. so that baby boom generation is yes,

it opportunity for the life settlement market, but it's, it's, it's a private sector solution to providing funds and resources to the largest growing population in america today. oh, i me. the distress felt by sick and poor american baby boomers, death will provide finances with an opportunity. but who like in the case of life insurance is of age sufferers in the 1980s. it's in switzerland that i'm large number of investors can be found with an interest in this particular bad. even more surprising. it's the retirees who have the most to win from this business of death . you may have a pension that is based on swiss lives,

but 20 years ago when the assumptions were set up for that performance of that, of the, of the live that things have changed over 20 years. you, you swiss are living longer, people are living longer. there's more pension payments being made, investing in life settlements, i should say, is not so much just, it's not about investing on sick people and things like that. it's testing on a group of lives with an average life expectancy over 10 years that can cover that can match up that shortfall, like it's good business for life insurance policy holders in this country who sell their policies. and then for the benefit of the end of the pension that may invest in that. ringback that was the exact calculation made by the city of zurich, pension fund. it's one of the country's most respected insurance companies that manages pensions for more than 800000 former public servants. in 2017, its directors decided to invest 18000000 francs in life settlement

to be on his head of investments. the zurich mentions homes in the life settlement and practice product ferny insurance. got a instance coming via from life settlement invested in and i'm positive. it ended up and does he seem to how it can avail niche meals i have to sustain, please stay on the anthem finance took and then in this is live in spot for your get bollinger give this bizarre to get conquered. hy, name caydan said saima high, you fall into the heel east. i'm but i as if it see if this portfolio 2000 to one nice. it's nice to be t v. she

concave from the small and via they will skirmish on these on the need to go minor indeed to a t and then a minute. which items? yeah. john, i now made capes. stadium fear. i'm trying to get the heights costing to be silent ads. i label fellow visual forecast. yes. hello, john shipped this dog hershawn. that's perfect. so the pen chunks cashed him to death. darcy sneezed, so v underscore invested tillman had gained via the shower in east the island. and laden was he chunks police and i'm going to be an issue. so i've interviewed daily living quality rate and those volunteers, he needs to summarize thanks to excellent

health care. switzerland is a country where retirees tend to live the longest to fund their pensions. xerox public pension fund has to place bets on thousands of americans dying early because they can't pay for medical treatment to die in stock as such. alas, good reason is thus kish compatible with the politic in vegas act. we are cow, fin decent. lighten here. if you could, thanks police say up d. c. i screamed and denise me don't to to happen for cow from bolan. mason on town. sounds god kind of tune. it was that i was to my house diesel police. i think it's just a sad state of affairs that,

that life sediments are even necessary for people because it all he needed it for was for survival. he wasn't trying to like buy some crazy machine or do some kind of crazy treatments. he just needed money to survive on was even going to be harrison and he can, i mean he can sign it side this case i left younger if i placed this via getting size on today for the children, i never indeed did meet up on that is to be by you took the wrong talk on the time it and mark that down, talk to him by decide. and then i look this, see basically states in the american system might look like a nightmare. no one wants to be forced to sell their house or life insurance to pay for chemotherapy in europe. that would be a scandal. ah,

when it comes to paying for their pension as they don't hesitate to profit from this liberal american system. and the distress of calls with yes and out of there's a group of people out there, i guess, hoping that people die soon. what kind of, what kind of motivation is i give them? you know, to invest their money in good things that help maybe help keep people live longer. they have no motivation to do that with their money now because now they want people to die sooner because they profit off it. that's probably the thing i struggle with the most since he died as, as how unfair everything about. i mean, he never got a fair shake. the luck of retirement, that he got to enjoy the pain he had to endure hidden deserve any of that. he was just kills me. that's usually what when i start crying about him dying, that's usually what it's about. it's just the sheer unfairness of it all.

ah, me selling her own dance to the highest bidder is above chosen by many elderly americans to pay for their retirement. ah, knowing that we are all seating this machine ah, the same as angle of merkel makes or exit from german politics. voters have made it clear they are looking for new ideas and directions. reckless parties suffered total defeat with smaller parties in the mix to form a new governing coalition. will this be called the merkel inheritance?

ah comes to me who work as a little boy the little girl made her cuz i don't want the car. the toy you got me? sure. it's under which way you're committed. it's not normal. quote is researcher books. can easement lead to the bank either? financials, the why with no money,

they're going to want to do the federal tax report on the problem right now. they stopped the top headlines for this out here. when i see a us marine is sent to a military trail off the land thing, his government handling of the afghanistan to pull out a series of viral videos. the critic say he's being punished for asking vital questions. nobody was really stepping up to the plate. the tenant colonel seller decided to be the 1st, want to come public and criticize leadership and youtube removed off these german language channels for allegedly violating the platforms. community guidelines are the, the editor in chief quarter of a fully fledged declaration of a media war on russia.