imagine picking up a future textbook on the early years of the 21st century water, the chapters cold gun violence from school shootings, homelessness 1st, it was my job and then it was my family dealing with 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 time, the road to the american dream paved with dead refugees. it's this barry idealized image of this older america, native americans look past the deaths that happen every single day. this is a modern history of the usa by america. oh no, t o in

a 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 the situation called for him, 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 gonna be able to make the mortgage. still, he had that, that same, you know, humor. he never lost it even to the very end. mm. this financial situation at 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 canceled the tonsil stage 3 because it had already spread to his length . ah, this is done,

shunt braiden's father like him millions of americans which were time and every year with almost no savings and strangled by medical cost. america is a land of every man for himself, no collective pension system. all universal healthcare basic and children's for poor pensioners covers almost nothing they have to pay out of their own pockets. this worrying phenomenon touches all of american society. it is only getting worse . as more baby boomers reach retirement, a new study reveals a jarring truth for baby boomers to night. instead of retirement and relaxation, many are facing bankruptcy. what's happening to baby? boom? 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 has been stagnant for almost 3 decades. and

a drummer not for everyone. the financial weld creates a mechanism that generates profit, even out of depression. it's known as the life settlement market. the system involves buying our 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 was 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 irresistible profit. ah, ah.

will this, is there a phone number for you? yeah. 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 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 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 instead. so he life insurance with no what else he would have done. i didn't know that was an option at all and i'm sure he was. i don't think he knew it was an option either until he just started giggling around. you know,

once he found out it was an option. it was kind of a no brainer. 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. yes. how it works. life insurance is a form of savings through monthly premiums pay to the insurance. when the insured person dies, the money is usually paid out to family members. with a life settlement, the insured agrees to sell their life insurance to an investor in exchange for an immediate buyout. the investor then continues to pay the monthly premiums on the day of death, the bio pockets, the remaining insurance payout often making a significant gain could be want 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 at losing money. ah ah, ah, 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 weakened by illness and strangled by medical costs for that investors put their trust in specialists who study candidates medical records to identify those with the shortest possible life expectancy. oh, you are in a way trying to outsmart god. well, now a we're,

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 last severe mike for santa 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, what, what's, what's typically months? oh, yeah. 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, 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 little bit financial products appear to understand that we have to go back to the 1980s? the aids epidemic took the world by surprise, unprovoked panic, and misunderstanding. oh, you are deeply touchy feely unit zullie was the the was seen the down you plus more so the skull vogels, usaa less speed you less, you will surely be on the ve the melody you see down. i stamina let the can hush. they will mail out there won't be no goals, some docile separate he's does she want to be a i thought of us. i'm open to sheila thought that they that up. that's your answer . yeah. like we'll keep, remember you guys will, isn't that media on nash don't put my vomit on speak you that the less you want to

be the see. dia, tabletop, o'shea, africa, i'm more of a portia, i've, yes, in will form. you don't get go. so initially there was no cure and so the depths happened as predicted. and then in 95, i believe it was. so 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 a when i'm done with the 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 demo. as 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 backup investment. one life settlement fund boasts of betting on the early deaths of 4532 elderly americans, many of whom are h. i v carriers each month around 10 of them die, providing a consistent income of millions of dollars. tactfully referred to as maturity deaths tend to be more numerous in summer 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 desk. traders are apparently afraid of the light.

this is fossa pierre coding. the journalist i, we, i tried to contact you, i sent you an email recently, as called about if jose rooms are even in back ground. we have some simple questions bank, written after that attempt failed. we finally received some explanation in an e mail from an anonymous ellis, a pension administrator which is a specific monte persona. that's part of the yes, that's good, i'm 30 to the best uncle, terminate. particularly select on seattle top it presented because it has it up a classroom where you wanna publish models donna said to by issue and i multiply coast immediate entity do playlist and the life that that meant this little blue

button. the level did of no depressing. so they put in fantasy with the salty samples of his bills of ah, do you have a life insurance policy you no longer want need or simply cant afford? the same proposition is made to baby boomers. are you 2nd paw, but want a few more years to enjoy your retirement? sell us 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 a pretty clear. why would it be better? well, because their, their death rate will be higher. that because they are part of course

their earning live because they're earning less, there's a, there's a relationship between death rates and income that is actually fairly straight line. oh, is your media a reflection of reality? in a world transformed what will make you feel safe? tice, elation for community. are you going the right way? or are you being led somewhere? direct. what is true? what is faith? in the world corrupted, you need to descend a join us in the depths or remain in the

shallows. ah, and with the mayor, cuz i don't want the choice. the shirts under which was completed in the knob, new quote is piece that your book can listen to can easement liam do show. 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 slant was forced to do. at 65, he had nothing left. the meager savings that he'd 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 and his email accounts for a conversation that he was having if you're off 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 is this is basically all i'll be living off for whatever time i have left. the other company came back and offered me a 150000. now, any chance he 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 paperwork notarized. for most people that asked would be no big deal, but in my condition, it was a he knew it was going on. my dad was aware that somebody was making a lot of money off of his 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 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 best price. i can get, we can offer

a $165000.00 for the policy. go ahead and send the new stuff. in the end, dawn signed and was paid within a week the pension funds that thought 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, which means that we buy life insurance policies from primarily seniors throughout the united states who are no longer want or can afford their life insurance policies. baby boomers are now 73 years old, which is around the, 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. ah, with do you think the situation would be for the same in the us for this industry? with a strong universal healthcare. it would reduce the discrepancy in the life expectancy from poor to rich and provide less of a,

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 seniors. 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 budgets. so that baby boom generation is yes, an 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. ah, for the distress felt by sickens poor american baby boomers therefore, provides finances with an opportunity. but who are they? like in the case of life,

insurances of aids sufferers in the 1980s. it's in switzerland that a large number of investors can be found with an interest in this particular that 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 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 is not about investing on sick people and, 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 in the of the pension that may invest in that oh.

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 managers pensions for more than 18000 former public servants. in 2017, its directors decided to invest 80000000 francs in life settlement yoke till blood is head of investments for zurich. mentions bomb hindus alive said to him and sang act even padlocked fully insurance cast ail stance. kernan via from life settlement invested soon and i knew positive indeed, there were alton. does he seem to hide? dickon availed glider niche. milsap's was faintly as he stay southeast v. stick only of anthony fiancee unto conan in jesus live and spot for your yet bowan.

i give just bizarre ervish to get conklin high 9, kate answered alzheimer. hi, you fall on to seal east. i'm but i diverse. if it see it, this portfolio 2002 by one ornish visits in need of pity. fisher cronkite from the small in viet out bevells garnish on this outcome. this new to go. mine have indeed did to a t and van m drive india john ein or s hands now mid capes. stadium. fear am. i'm blind. good old heights. ghost little bit silent. ad zane levens fellows ishall. fuck golfed ye shanella. jonah shipped this. don't go far. that's 4 feet deep and chance cashed him to death. darcy

sneezed so vivid on these invested children had on k another via the shower near the island and, and laden's was, he shrugs, police, unarmed violent, vanished. so i'll interview de la m leap and quality rates than does volunteer see shanisha hung. 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. each to a cat ion stockers such alice garrison is thus english compatible. wait is a bully tick. in vicky's oct. we're cow,

fin decent light and he had a 40 chunks, police set up dc i was screened and denise smith don't to call her open for cow from viola for some reason. auntie hampton's guard kiner up till on it 1st or else tomorrow. analysis of police say, 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 zayden z hyphen yet. and could i make hannah? i mean he does he sign a site um basically shifts young this i leased this via seeing smiley on today for the children i have in d, did, etc. and on to cease to be by yet with that on talk to you on the time than on

tomorrow. after thrown talk to them by decide denial. this see basic estate seen by 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 with when it comes to paying for the pensioners. they don't hesitate to profit from this liberal american system and the distress it causes a group of people out there, i guess, hoping that people die soon. what kind of, what kind of motivation does that 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 center because they profit off it. that's probably the thing i

struggle with the most since he died as, as, as how unfair everything about. i mean, he never got a fair shake, the lack of retirement that he got to enjoy the pain he had to endure. he didn't deserve any of that. he was just, it 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. mm. selling their own dance, the highest bidder is chosen by many elderly americans to paying for their retirements or without even knowing that little sheeting this machine. ah lou.

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 and then it was my family. didn't 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 is passing the road to the american dream paved with dead refugees. it's this very idealized image of our america, native americans look past the deaths that happen every single day. this is a modem history of the usa by america on our t. ah, if you are expecting the of non government could meet in the image or with a c,

i'm sorry, this is a wrong expectation. you will have to see if you want me to go with the entities. you can't impose the democratic system on the wall and then political order later. no one, no son of neural julio luna lost real to what they showed up 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, then build the most powerful and most deadly biological weapons program that the

world had ever no real. oh, you know to push it with it so it gives you or she'll go go to that they're not gonna kill juggle. no new son, new quarter. she'll keep on more more general manager thought this is meant nguyen from all one of our funding and i got all my sale. i got ya. i got on monday, i wish to know about jewelry. hall new food in room or gas or more polish dinner, jr. let's i had to put on with this car, their mother and all everybody built. can you come up? i thought ours, nice. oh boy, that's good to go that route on what the on this the wow she my a new id. i'm all, i can send more on all said mom. good student. i don't

a year. you're luck on watermark. don't think about i got this. i was headlines from i'd say at least 12 people who reportedly killed more than 30 injured in a blast. a cobble 2nd biggest mosque, taliban says it has already did tame for the free people allegedly responsible it was extraordinary disaster. if we didn't have a president, when it was so adult, you all would be fired. i don't think anyone controls anything. this person says about afghanistan and in some of the top stories of the week just gone us lawmakers land passed president bike man is top ross of a what some in congress called washington's humiliating withdrawal from afghanistan . we ask that if the whole afghan come.