the in me 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 still have that, that same humour. he never lost it even to the very in 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 tonsil stage 3 because of 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, collective 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 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? 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 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 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 of 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 settlements, the unsure agrees to sell their 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 game. 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 so 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 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 big financial products appear to understand that we have to go back to the 1980s? da epidemic took the world by surprise and promote panic and misunderstanding for you are you can you feel that is actually was fits of was done. you plasma. nice cover goes us up. less space less you will surely be on the v. you see down us down the now let the can you rush, they will matlab the goal some separately. does she want to be a i don't want to sheila to tell you that up cream. that's your answer. yeah, i will give or maybe you guys will, isn't that media nash 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 of portia. i've yes, you will form, you know, go saw 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 excite ended life significantly. these funds that were created went under the miracle aid survivors. life policies didn't just disappear in the financial world. they were traded cheaply, i'm a new investors and eventually reached the banks of the demo. yes, 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 market 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 tactfully referred to as maturity dance tend to be more numerous in summer heat 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 currently afraid of the light.

this is also coding the journal. if i tried to contact you, i sent you an email recently about a home that are even 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 l, as a pension administrator. specific monday, best in the ash elementary to the simple articulate it presented to send you a heads up a professor. what you want to publish models said the issue and i'm going to mediate and do that for me on the list and the life that meant that somebody was

don't know the best thing to see with this. so 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 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. oh, i me and i make, no, you know, board is blind to tease you . we don't have authority. we don't actually the whole world needs to take action and be ready. not a joke. people are judgment. 2 crisis we can do better, we should be better. everyone is contributing each in their 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 frances macro recently said quote, the europeans must stop being naive when we are under pressure from powers, which at times harden their spans, we need to react and show we have the power and capacity to defend ourselves volt words, but does europe have the political will to actually defend itself? ah, seems to me it will work as a law when the pendulum

for the mayor club. i don't want the cause the choice of me. sure. it's under which lawyer committed. it's in the not normal court piece that you can use not leave the oh, if you are expecting the non governmental be in the image or i'm sorry, this is the longest position you will have to te nissan. you may

want to speak to the entities. you can't impose the democratic system on sunday. he was and the political order i 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 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 your offers the same as the others. why would i deal with you? i'm sure you understand. i have to get the most. i can is the, his basically on i'll be living 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 close, 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 you know, what, i was aware that somebody was making

a lot of money off of his insurance policy. mm. 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. so i can get, we can over $165000.00 for the policy. go ahead and send the new stuff in the end, don signed and was paid within a week with the pension funds that bought his policy only had to wait a few years and made a profit of around 50 $1000.00. 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 senior 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 or i, the distress fell 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 suffer isn't the 1980s. it's in switzerland, but on 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. 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 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. ah, you tube down his head of investments, the zurich mentions homes in the life settlement and practice product

for any insurance gas instance coming via from life settlement in return. and i reported the filling up and does he seem to how it can avail knish meals? i have to sustain, please stay on the 9th and get him to kayden in this live in spot for your get bollinger give just bizarre of if you get conklin hyphen 9. k on said saima. how you fall into the feel east. i'm right diverse if it see if this portfolio 2000 to one on nice visits finished. pretty fish cronkite the small and v. o. people skirmish on the on the nickel minute indeed to to a t and the name was ivan john. i now

meet cape's stadium. fear i'm trying to get all the heights cost him to be silent ads. i live in front of visual forecast. yeah. a lot. john shipped this dog hirschler. that's perfect. so the pensions cashed in the us does he sneak so v vi and these are invested jolen had gained as a via the shower near the end. and then laden was he shrunk police and i'm going to be an issue. so i've interview daily living quality rate and those volunteers each on each lab. to summarize, thanks to excellent health care, switzerland is a country where retirees tends 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. starting to die in stock as such. alas, good reason is thus kish compatible. when to the politic in vegas act, we are cow fin decent light than he had if he could also police it up. d. c. i was screened and denise to me don't to to happen for cow from the bolen automation on town. sounds got kind of tune it was that i was too much 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 even going to the health and he can, i mean, he kinda does he sign it side this case? i left younger this. i placed this we're getting size on today for the children. i never indeed did meet up on thirties to be by yet to talk to on the time it and i'm to market their own home by decide. and then i look to see if she basically stay the same me 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 of 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. me selling her own dance to the highest bidder is above chosen by many elderly americans to pay for their retirements. ah,

knowing that we are all seating this morbid machine. ah, the jamie diamond was critical, a big claim starting when it was $200.00 a point. it's now around 45000 point, attending at the point 10 x from here. so he's looking for up to $455.00 and about a coin the latest one most. and i'm not really sure

what the most of the limitation of i 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 keel to build on it. suddenly looking at the model tomorrow, thought this new them or not from new and i got the sale. i understood, i wish to know about jewelry. who knew you didn't know

i had to put all of them and all buddy bill, you nice little want to on this the little she my new on on all i isn't more more the 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 very unrealistic way. and so we come out of fomo, there is and be involved more than that. it's about the sort of envious or something it may not exist. it's also really tied to the fact that as humans, we want to be part of the crowd.

ah, the shame that the graffiti spells out and that's how some empowers have come to view this. the parents suburb is up in arms over the construction of a wall designed in theory to keep drug addicts out. say it is in humane and in practice only makes matters worse. it really feels like a zombie apocalypse movie. this last week we have a soul after assault that we put them to one side like animal. it's a long western tradition to segregate nissan canadian military chiefs and saw the pandemic as a chance to test propaganda.