or business, i'm show business. i'll see you then. mm. i have 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 is 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,

in this financial situation at retirement age was dire. it was terrible. he had nothing. he was diagnosed with stage 3, head in that cancer which is pretty vague, but it was canceled the tonsil stage 3 because it had already spread to his length . 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 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. a drummer 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 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. who 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, well this is her thanks for the see and 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 of a retirement age. and i'm pretty sure that was one of the only options that is left instead. so he life insurance. 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 googling around. you know, once he found out it was an option. it was kind of a no brainer is what don't found after searching life, settlement on google ads from dozens of companies competing to find retirees ready to sell their life insurance is 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 payout. 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. 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 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 more bit financial products appear to understand that we have to go back to the 1980s? the aids epidemic took the world by surprise and provoked panic and misunderstanding. oh, you are the flu, touchy feely tradition. that is actually was the, the was seen the down you plasma. so the skull vogels, usaa less speak you less,

you will surely be on the ve the melody. you see down, i stamina let the can rush, they will mail out there won't be no goals. some dow jones separate, he's this you want to be a i thought was a mouthful to sheila thought that they did up him. that's yontsa. yeah. think we'll keep remember you guys will, isn't that media on nash? don't put my vomit on speak you that the less yours vanessia tabletop. o'shea africa, i'm portia, i've, yes you will form. you don't get go. so initially there was no cure and so the deaths 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, went under a,

with the miracle aid survivors, life policies didn't just disappear in the financial world. they were traded cheaply, am a 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 mockup 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, calling the journalist a week. i tried to contact you. i sent you an email recently, as called about if jose are in the real even in background, we have some simple questions. thank you for the written after that attempt failed, we finally received some explanation in an email from an anonymous alice, a pension administrator which is the specific monday person. that's part of

the yes, that's good. i'm 30 to the best m contaminate. articulate latin, seattle, top exit of acre said you had set up a classroom where you wanna publish models. not a said to by issue. and i multiply cost immediate entity do that somehow through the system, the life that that meant to somebody. we'll stop the level. did of note addressing, so they put in fantasy with assault, he says, which sampling was responsive. ah, 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 paul? 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 pretty clear. why would it be better? well, because their, their death rate will be higher because they are part because they're 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 with

ah, lou to no one. no, sir, no, no. admiral hooker, no, no, well dog, more shrill than what then she ended up 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. and grill. oh, you know, to production issue or sure, doug go did that. they're not eligible. no new

son, new rochelle, he on more, more general manager thought this is meant union from all one up on there and i got the owner myself. i got your name. i understood. i wish to know about joy. oh, new. i know you didn't oh gosh, more or less than a jealous i had to put on with their mother and all but he built a house nice. oh boy, that's good to go on. what? on the wall, she my and new on it. i'm all, i can send more on all said mom, good student, i don't the, you know, a lot of them are going to give us a

book on my face, but i still believe we did. who bought. i bought a dial tomorrow. a couple of these are you quite by that? i know from politicians to athletes and movies. does the musicals does it seems every big name in the world has been here? 0. if a bazooka discursive. oh i see a button you get the cool thing is with give me a glove with said basil makes dreams come true. every one who falls in love with people threatening look wide. mm with,

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 shlomo 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 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 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 paperwork notarized. for most people that task would be no big deal, but in my condition, it was he knew what 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 am definitely interested in the best price i can get. we can offer a $165000.00 for the policy. go ahead and send the new stuff in the end,

don 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 dollars. 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 cant afford their life insurance policies. baby boomers are now 73 years old, which is around the, the, the age at 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 as 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, you?

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, death will, provides finances with an opportunity. but who are they? like in the case of life insurance is 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 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 they can match up that shortfall like 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,

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 18000 former public servants. in 2017, its directors decided to invest 80000000 francs in life settlement yoke to blow his head of investments, pursuing pensions. vom lindy's life said to him and find attractive. his huddled ferny, and chance gas the ail stance. conan via from life settlement invested tillman. i'm a paucity fill in detail. alton, does he seem to hide the can avail play the niche milsap's was faintly as he stay, se v stick on the of anthony finance here until conan indigenous leave and spot for your yest bowan. i gibbs, this bizarre ervish to get conklin hiking 9 k answered

alzheimer. hi, you fall on to seal east, i'm but i diverse if it see at this portfolio to 1000 to bowen ornish visits in need of pity. fisher cronkite from the small in viet out. bevells garnish on the east africa. these need to go might have, indeed did to a t and van m. m. dragon's jo. john. an o. s. hunt now mid cape's stadium. fear m. andre and grizzled heights. ghost, stupid, silent ad zane levens fellows shall fall, golfed ye, shanella. jonah shipped this door. glow saw that 4 feet deep and chance cashed him to death. darcy sneezed so vivid on the scene.

vista jolen had on k, another via shower. near the anderson levens was he should hunks police unarmed violent, vanished. so i've interviewed de la m leap and quality. read them. does volunteers each on each law 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 shockers such alice get. ethan is thus english. compatible weight is a politic in vicky sucked. rear cow fund. decent light and he had

a 40 shootings. police set up dc. i was screened and denise me dawned to call her open for cow from viola for the mason on townsend's guard. kiner opportune. it was styles tomorrow. analysis of police. say ha, i think it's just a sad state of affairs that, that life settlements are even necessary for people. because it all he needed it for his 1st 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 elephant yet. and could i make hannah? i mean, he does. he sign a site. um this kid shifts young this i placed this via seeing size on today for c shelton. i have in d did meet, etc, and on the cease to be by the 8th of that on talk to on the time it than altima

after thrones are killing him by decide denial. cuz she 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 with when it comes to paying for that pension. 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. one kind of what kind of motivation is 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 sooner because they profit off it. that's probably the thing i struggle with the most since he died is this is 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, 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 dest, the highest bidder, is above chosen by many elderly americans to paying for their retirement, or without even knowing that we're all feeding this machine. ah, oh,

these are the 4 people who pull the trigger, and survive something on survival. one of the hardest things that i had to face was not having a face at a low expectation of life. i accepted accept the fact that i made that we had no fears. dow change pretty fast for shots, different stories behind the bullets. ah, if you are expecting be of random, it could be in the image or with a c. i'm sorry, this is a wrong expectation. be you will have to see if that is done. you want me to go or not, but that would be clearly entities you got to impose the ester democratic system, of, i'm sorry, can't evolve,

and the political order imagine picking up a future textbook on the early years of the 21st century. what other chapters called gun violence school shootings, homelessness 1st, 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 at this very idealized image. all this older america makes americans look past the deaths that happen every single day. this is a modern history of the usa, my america, on our t. o

. ah, if i was headlines from, i would see the offshore assets of hundreds of the world's most powerful and richest people are revealed in the biggest ever league of such data called the pandora papers. from what it confirms the u. s. as a top global tax haven, no well known american people or firms have mentioned this by president biden's pledge to clamp down on tax evasion. and also this sunday, at least 12 people are reportedly killed and more than 30 wounded and a blast of cobbles. second biggest, most the taliban says it's detained, free people allegedly responsive bluffs. in our review of the week it was an extraordinary disaster. we didn't have a president, it was so adult, you all would be fired. i don't think anyone to control anything this prisoner says about against.