i in the ah me, jamie diamond was critical, a big claim starting what it was, a $200.00 a point. it's now around 45000 coin adding as he points out, 10 x from here. so he's looking for up to $455.00 and about

a coin. i me i 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 is even going to be able to make the mortgage still. he had that, that same humour. he never lost it even to the very, in this financial situation.

retirement age was dire, was terrible. he had nothing. he was diagnosed with stage 3, head in that cancer, which is pretty vague, but it was cancelled at the console. stage 3 because it already spread to his lip. 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? we go, well this is accelerating a long term trend that we've seen in 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 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. 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 path to every system will profit. ah, ah, girl, this is her. thanks. i mickey. 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 that's 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 like 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 settlements,

the unsure agrees to sell their life insurance to an investor in exchange for an immediate payout. 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. but be warned 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 more bit financial products 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. that is actually, that was, that was done. new plasma. nice cover goes us up, less speak to less,

you will surely be on the v. you see down us down the now let the can you rush, they will, matlab is going to be a go some dollars separately. does she want to be a thomas? i'm up or to sheila to tell you that up. that's your answer. yeah, i will give or maybe you guys will, isn't that media on? i don't live on the on speak you lot. the less you want to be the c d i say, but i'm pretty sure i'm 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 them are h i v carriers each month around 10 of them died, providing a consistent income of millions of dollars in the actually referred to as maturity dance 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, desperate as our currently afraid of the light. this is cost 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. bear with 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 multi best and the ash elementary to the simple

i mean about to criticize a present. baker send you a heads up, a professor is what you want to publish. models said the issue, and i'm also going to mediate. and if you do not view the system, the life that meant that somebody brought it up on the destination, other claims and i'll stay with you. so jump. when 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 fell off your life insurance. if you can buy policies from people of lesser income, if you can buy $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 because they're earning less. there's a, there's a relationship between death rates and income that is actually fairly straight line. ah. join me every thursday. on the alex simon show, when i was speaking to guess in the world, the politics sport business, i'm show business. i'll see you then me

live in a try. now we receive so many inputs on a daily basis that are completely, i'm related to reality. so think about how and social media filters, and they basically present themselves very unrealistic way. and so we come to a fomo, there is and be involved more than that. it's about the sort of envious or something that may not exist. and it is also really tied to the fact that humans we want to be part of the crowd. oh, ok. comes to me who work as a little boy a

little girl made up because i don't want the car, the choice with me. sure. it's under which while you're committed, it's not normal for peace and she can listen. can easement lead to the 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 meager 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 to 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, the age which likes elements 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. what 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 distressed 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 in switzerland that large number of investors can be found with an interest in this particular battle. 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 lives 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. 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 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, it's directors decided to invest 18000000 francs in life settlement. ah, you tube down his head of investments, the zurich mentions homes in dc life set and then find practice product

for any insurance gas stance can and via from life settlement investor and i'm positive, it ended up and does he seem to how it can avail niche meals i had sustained, please stay on the line and you know, get him to kind in jesus live in spot for your does he get bowan or give disburse under her wish to get conquered? hy name caydan said saima, how you fall onto the east. i'm bryce. diversity of this portfolio to famine, to our own nice. it's nice to be t fish. cronkite the small and v o. people skirmish on the on the nickel minute. indeed to to a t and the name. it was either the john hancock now

meet cape's stadium. fear i'm trying to get all the heights costing to be silent ads. i live in front of visual forecast. ishmael, our job shipped this dog hershawn us. coffee for the pensions cashed him. does he sneezed so be on these invested, stolen, had gained via the shower in east the island. and laden says he chunks, police announced to be in the shed. so i've interviewed daily living quality rate and does volunteer position the law. to summarize, thanks to excellent health care, switzerland is a country where retirees tend to live the longest to funds, the pensions, xerox public pension fund,

has to place bets on thousands of americans dying early because they can't pay for medical treatment starting to die in stock as such, alice, this is dusty cash compatible with the politic in vegas act. we are cow, fin. decent. lighten here if he could. thanks police up. dfi screamed and denise, to me don't to to happen for cow from bolen or to mason on town on god. kind of to me, it was that i was to my house this of 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 the field is going to be harrison and he can, i mean he can sign it site basically saved younger if i placed this via between sizes on today for the shift and i never indeed did meet on thursdays to be by you on talk to on the time it and after that i'll talk to him by decide. and then i looked as if see basically states in the american system might look like a nightmare. no one wants to be forced to sell their household 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 at cause with yeah, 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 and 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. me selling her own dance to the highest bidder is above chosen by many elderly americans to pay for their retirements. ah,

knowing that little seating this machine, ah, ah, the jamie diamond was critical, a big claim starting when it was $200.00 a point. it's now around $45000.00 the point of getting the points out from here. so he's looking for up to 455 and about a coin the latest one most and

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 took, but it will show up enough to build on it. suddenly looking at the model to new model, thought this new them or not new and i got the sale i wish to know about jewelry. who knew, he didn't know i had to put all of the

scarlet and weather and all buddy bill, you know, nice little want this on this. she might new on it. i know i isn't more more good to you know, put them out to think it was imagine picking up a future textbook on the early years of the 21st century. what other chapters called gun violence school shootings, homelessness. first, it was my job then it was my name was my savings. i have nothing. i have nothing and it's not like i don't try. i look for resources, i look for jobs. i look for everything i can to make this pass and i end up doing, passing the road to the american dream, paved with dead refugees. at this very idealized image of the older america,

native americans look past the death that happened every single day. this is a modern history of the usa, america on r t r . it was an extraordinary disaster. we didn't have a president that was so adult. you all would be fired. i don't think anyone contrast anything this president says about up can stand us all, make his lash at the u. s. military top brass and the latest senate hearing on afghanistan, fleming congress, calling washington, humiliating the rule. and also this ira power that the construction of all designed to keep the drug addict the way slamming it into main and only adding the aries problem. it really feels like a zombie apocalypse movie.