his faith, me in the world corrupted. you need to defend the join us in the depths all remained in the shallows ah, in the me in 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 still have that, that same humour. he never lost it even to the very, in this financial situation. retirement age was dire, it was terrible. he had nothing he was diagnosed with stage 3 had in that cancer, which is pretty vague, but it was cancer of the console. stage 3 because it had already spread to his live . me. this is done. shouldn't brayden's father like him? millions of americans reach retirement every year with almost no savings. i'm strangled by medical costs. me. america is a land of every man for himself, connected pension system or universal health. basic insurance for pensioners covers

almost nothing they have to pay out of their own pockets. this warrior phenomenon touches all of american society and it's 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 goal? well, this is accelerating a long term trend that we've seen and the great recession, poor, 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 well to create 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. the ones bought by brokers. the policies are bundled in life portfolios and transformed into financial products to be traded on the financial market. also 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 pastor, irresistible profit. ah . with her. thank you. by 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. me is what don found after 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 family members. with a life settlements the unsure degrees 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 they live, the longer the investor has to keep paying and losing money. ah

ah, yeah. the millions of 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 phyllis 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 job at this. you need to have medical professionals who can evaluate medical records and distinguish the really severe from the less severe mike. the sono 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 ls 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 big

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 . you are, you can publish and it is actually the west, down, you, plasma, east garvey goes us up less speak you less, you will surely be on the via the maillot. you see down us down the now let the can you rush. the matlab is going to be no go some separately. does she want to be a i don't was i'm up to sheila to tell you that up. that's your answer. yes, i will give or maybe you guys will, isn't that media on? i don't live on the speak to let the less your v c d i say, but i'm pretty sure i'm more of a 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 reached the banks of the limo. 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 was very talkative. death traders are terribly afraid of the light. this is called up coding the journal. if i tried to contact you, i sent you an email recently about a home that are in background. we have some simple

questions. thank you for me. after that attempt failed, we finally received some explanation in an email from an anonymous ellis, a pension administrator. mm. could you do specific multi best? and one of the yes, that's good, i'm sorry. did it a simple, i mean it's about to criticize it present vega, send you a heads up, a professor is what you want to publish. models notify the issue. and i'm also going to mediate and do that just in the life that meant that somebody brought it up on the other claims and i'll stay with us. ok, so jump. so 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 2nd pull but want a few more years to enjoy your retirement? sell 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 is annual income is 250000 dollars. 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 because they're earning less. there's a, there's a relationship between death rates and income. that is actually fairly straight line. ah,

i my only work is a little over the matter because i don't want the cause. the choice of shirts underwood while your community it's not normal. quote please. you can listeners, denise, and leave to show my

wife and i make no borders under my number please. as emerge. we don't have authority. we go to the back seat. the whole world needs to take action and be ready. not a joke. people judge, you know, 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 challenge is paid for the response has been massive. so many good people are helping us. it makes us feel very proud that we need together

in the the news. 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 done. she was forced to do at $65.00, 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 youre of as 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 of 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, it was he knew 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 and 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. with the pension funds that bought his policy only had to wait a few years and made a profit of around $50000.00. when don 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, 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, that 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, an oppertunity 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 are the distressed felt sick and poor american baby,

but the most 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 large number of investors can be found with an interest in this particular bad. even more surprising if 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. but it's good business for life. insurance policy holders in this country who sell their policies and then for the benefit of the, of the pension that may invest in that. ringback 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 manage his pensions for more than 800000 former public servants. in 2017, it's directors decided to invest 18000000 francs in life. settlement you tube down his head of investments. the zurich mentions homes in the life settlement and practice product. fairly insurance gas instance can and via from life settlement invested. tillman. i'm positive, it ended up and does he seem to how it can avail niche mills and sustain please

stay on the line and get on to karen and in this is live in spot for your yet bowan or give this bizarre ervish to get conquered hyper 9 kate on said saima, how you fall into the seal east. i'm but i dive as if it see if this but folio 2000 to one on need. a finished p t. fisher cronkite the small and v o. they will skirmish on these on the need to go minor indeed to to a t and the name in which items. yeah. john, i have now made capes, stadium fear. i'm going between the heights cost and to be silent ads. i leave in

front of the show on forecast yesterday. le john shipped this dog hershawn. that's perfect for the pension scottish tin stuff does. he sneak so v vi and he's a invested tillman had given us via the shower, nist, the and latency chunks, police and the initial interview, daily living quality rate. and those volunteers each on each lab. to summarize, thanks to an excellent health care, switzerland as 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. start to come by and start as such. alice diesel is thus cash compatible.

when to the politic in vegas act we as a cow fin, decent. lighten here if he could only police up d. c. screened and denise me don't to to happen for cow from bolen. automation, auntie i'm tones got kind of to me. it was that i was too much. so police i think it's just a sad state of affairs that live sediments or even necessary for people. because it all he needed a forest 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 z field is going to be harrison. and he cannot. i mean, he cannot, does he sign a site? they basically saved younger his i based this we're getting size

on today for the ship and i never indeed did meet up here on the east to be by year round. talk to you on the time it down to my market on home, buy decide. and then i look at us, 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. the news when it comes to paying for their pension as they don't hesitate, the profit from this liberal american system and the distress of calls with 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 office. that's probably the thing i struggle with the most that 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, selling her own dance to the highest bidder. is above chosen by many elderly americans to paying for their retirements. ah! knowing that we are all seating this machine ah

the ah ah ah. ah no one no sir. no, no, no, no, put the most of the limitation. ah,

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 to production. but it gives you enough keel to build on it. so new to keep on moved to new martha this new one new and i got the sale on monday. i wish to know about julie hill who knew he didn't want to know. i had a little cold weather and all buddy, you know,

nice 1st. she don't want them on this, but she my new on it isn't all $7.00 a year. you're not going to give us when i would chose the wrong. why don't i just don't need you to fill out this thing because after an engagement equals the trail, when so many find themselves will depart. we choose to look for common ground in

the me. the news the this hours headlines, stories that us lawmakers aren't pulling their punches of the grill. america military top brass for a 2nd day over what some in congress called washington humiliating exit from a gun. it was an extraordinary disaster. it will go down in history is one of the greatest failures of american leadership. also, russia threatened to block you tube in the country after the video sharing platform permanently deletes our teeth. german language channels, lots will say the u. s. company wouldn't have her back with us approval from the berlin nato send.