ah, so what we've got to do is identify the threats that we have is crazy. plantation, let it be an arms race is often very dramatic. development only personally, i'm going to resist. i don't see how that strategy will be successful, a very critical time, time to sit down and talk a try now where we received so many inputs on a daily basis that are completely related to reality. so think about how and social media filters and they basically were present themselves in very unrealistic way. and so we come to a fomo, there is any 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 as humans, we want to be part of the crowd

in the in 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 diagnose was stage 3 had in that cancer, which is pretty vague, but it was cancelled at the tunnel stage 3 because it had already spread to his lip . me this is done. shouldn't brayden'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, the land of every man for himself to pension system or universal health care. basic insurance for poet pension is 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 reach 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? 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, korea to 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. will sold 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 resistible profit.

ah, the 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'd 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 and i 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, was 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, which is how it works. life insurance is a form, a savings through monthly premiums paid to the insurance. when the insured person does the money is usually paid out to 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 and 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. oh, americans being plunged into poverty on retirement is one thing. but the like 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 know, 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 mobile 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 can publish and it is actually the west down the plasma. please call us up. let's speak you last. you will surely be on the via the maillot . you see down us down the now let the can you rush, they will matlab. we're going to go some separately. does she want to be

a i don't want to sheila to tell you that that's your answer. yeah, i will give or maybe you guys will, isn't that media nash don't live on the speak? you let the less your v c d. i say both chef portia, i've, yes, you will form, you know, because 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. aah! 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 and the actually referred to as maturity dance tend to be more numerous in some of the hate waves. ah, 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. desperate is terribly afraid of the light by the visits. calling 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 for 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 best and the ash elementary? did it as simple about the cutest present baker? send you a heads up, a potassium what you wanna probably notice said the issue,

and i'm also going to mediate, under the do that's village just in the life that meant that somebody brought it up on the destination. other claims and i'll say with just with jump 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. i use 2nd pull, but want a few more years to enjoy your retirement sell 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 is 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. the in the jamie diamond was critical, a big claim starting what it was, a $200.00 a point. it's now around $45000.00 coin depending as he points out. 10 x from here. so he's looking for up to $455.00 and about

a coin are we need to look at a little bit of the matrix. i don't want the cause the choice of insurance under which community, it's not normal. quote please you can this can easement lead to

the if you are age 65 or older, have at least 250000 dollars 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, 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 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 going, i was aware that somebody was making a lot of money off of insurance policy. 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 me 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, 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, an oppertunity for the like 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 i, the distressed, felt sick and poor american baby boomers. death all provides 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 a large number of investors can be found with an interest in this particular bat. even more surprising, if the retiree is 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 may 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 and its 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, its directors decided to invest 18000000 francs in life settlement year till down his head of investments. the zurich mentions homes in the life settlement and practice product. surely, insurance gas isn't coming via from life settlement invested. tillman. i'm positive, it ended up and does he seem to how it can avail niche meals and sustain please this is anthony finance to kayden in this is live in spot for your yet bower nor give this bizarre visit. you get conquered. hyper

9 k on said saima how you fall into the feel east. i'm right. diversity of this but fall 2000 to one nice. it's nice to be fish concave, the small and v o. they will skirmish on these on the need to go minor in d did to a t and then a minute live in the john hancock. now mid cape's stadium, fear i'm going between the heights cost him to the tylen ads. i live in phillip visual home forecast yesterday. la john shipped this dog hershawn. that's perfect for the pensions cashed him. does he sneezed so

be andy say invested tillman, had gained via the shower near the island. and laden's was he chunks police and to be in the shed. so i've interview daily living quality rate than those volunteers each month. to summarize, thanks to excellent health care. switzerland is a country where retirees tend to live the longest to funds, their pensions 0 x public pension fund has to place bets on thousands of americans dying early because they can't pay for medical treatment starting to die and stock as such. alas, good heathen is thus cash compatible with the politic in vegas act. we are cow

fin decent light and he had if he could on police say up d. c. screened and denise to me don't to to happen for cow from bolen for to mason on town. sounds god kind of tune it was that i was too much of 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 those if you live in the harrison and he cannot. i mean he cannot does he sign it side? biscuits i left younger this i placed this via between sizes on today for the children. i never indeed did meet up on thirties to be by year round talk to on the

time it down to my home market around talk to him by decide denial. look, this is she 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 at causes, ah, yes, 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, 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, ah,

me the news the media a reflection of reality in a world transformed what will make you feel safer? type relation for community you going the right way? where are you being somewhere? which direction? what is truth is in a world corrupted. you need to defend the join us in the depths or remain in the shallows. ah

ah no one, no, no, no, no, no. what was the location of? ah, unit 73. 1 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 will show enough good deal to build on it. so new to keep on moved to new martha this new one from new and i

got the sale. i wonder i wish to know about julie hill, who knew he didn't ah, more than a jail. it's i had a little cold weather and all buddy built you nice to do you want this on? this will show my new on it and all i is and more more good. you know, put them out to give us a try now where we see so many inputs on a daily basis that are completely related to reality. so think about how and social media filters and they basically present themselves in every unrealistic way. and so we come to a fomo and be involved more than that. it's about being sort of envious of

something that may not exist. and it's also really tied to the fact that humans, we want to be part of the crowd. ah, wall of shame, that was the core p t. spell that i'm not how some encourage of come to view this a parish suburb. it's up in arms over the construction of a wall designed in theory to keep drug addicts out saying it's inhumane. practice only makes things worse. it really feels like as don't be apocalypse. plus we have feet assaulting all of them to one side like animal. if it's a long tradition you will to segregate only canadian military, choose to saw the pandemic. it's a chance to test the propaganda on citizens. according to a troubling army report.