Hello everyone, I tie the waves.
What is the most stable investment in these two years? Domestic, of course, is an increase in lifespan, 3.5% compound interest appreciation of iron hits, people who bought it two years ago, are still stealing fun.
After all, even the low-risk wealth management of banks has begun to lose money, and you can imagine how bad the market is.
Overseas, the most stable investment is the "policy discount fund", which can have an average annualized interest rate of 10-15% in these two years, and ignore the global economic downturn and financial risk fluctuations, with strong certainty.
Even for this type of investment, the COVID-19 pandemic is a positive.
So what is policy discounting? It is to sell your life insurance policy to the institution, and the institution will give a sum of money that is higher than the policy surrender, but lower than the amount of the insurance claim.
After hanging up, the money paid by the insurance company belongs to the income of the institution.
Institutions earn the difference between the "purchase policy fee" paid to you and the "payout amount" of the actual insurance company.
For example, James is 70 years old, feels that he has not had a good life for a few years, and wants to have a good time, but he has no money on hand.
The only asset is the life insurance policy under his name, and if he hangs up, he can lose $1 million.
But I haven't hung up yet, and if I want to monetize this policy, I can only surrender it.
The surrender can be refunded for $500,000, and it is not worth it to think about it.
At this time, the agency that operated the policy discounting found James and told him, well, we will give you 700,000, you sell me this life insurance policy, and James agreed.
After 3 years, James, who had a rotten kidney, died, and the insurance company lost 1 million.
In this way, the total is equivalent to the institution investing 700,000 yuan, and after 3 years, the profit is 1 million, which is equivalent to ≈ 15% of the annual income.
Essentially, it is to securitize the insurance policy, similar to buying and selling futures.
So policy discounting, usually called death futures, is interesting.
Moreover, the insurance policy recovered by the institution can also be packaged and sold to cash out in advance.
For example, following the previous example, after the institution spent 700,000 yuan to collect James's insurance policy, it was held until the second year, in order to reduce the risk of capital turnover, It sold James's insurance policy with 800,000 yuan and directly fell into the bag.
This type of investment is currently very popular in overseas markets because of the strong certainty.
Regardless of how the market risk fluctuates, there are two things that can be determined, one is that people will die, and the other is that insurance companies will definitely lose money.
For investors, the main risk is that, first, they are worried that the insured will live too long, and second, the risk of capital thunderstorms caused by early redemption by other investors.
Therefore, such insurance discounted funds will generally have a closed period, otherwise they cannot play. After all, people don't say that there is nothing, they have to give people a little time.
At the same time, the general policy discounting agency will only buy insurance policies for the elderly over 65 years old, and some will also require that there be a certain disease in the body, which belongs to the kind that will soon die.
In the earliest days, the game was aimed at PEOPLE with AIDS, and the survival period of AIDS at that time was about 2 years.
Later, aids have a special drug, patients can survive with the disease for a long time, and the institution shifted the target group to the elderly who hold high life insurance policies.
Then the original return on the investment of such funds is about 10% annualized.
In the past two years, due to the impact of the new crown, many elderly people have died earlier than expected, so the yield has been rising.
But this makes dead money, and it's not too comfortable to say it.
And there's a lot of moral hazard, for example, is it reasonable for an old man who doesn't have much social connections to suddenly die at home?
I can't say, anyway, as far as I know, there are some old people who have lived too long, and suddenly say that they are gone, and they die a little strangely.
And generally if there is no obvious trace of murder, no one will deliberately trace the cause of death of the elderly.
For example, if an old man with a heart attack suddenly dies of a heart attack, how do you say it, how do you know what caused it?
Because there is such a moral hazard, and the mainland life insurance market is actually not very mature, so the policy discount, we have not opened this.
I can't play it when I'm open.
You think so, according to this filter for the elderly over 65 years old, how many of us over the age of 65 can have life insurance policies?
There are many houses...
And there's also a lot of moral hazard.
There are many barbarians who are not suitable for people, and they all regard the old man as a burden, and I have come out of a small county town, and I have heard of such things myself.
In our local area, there is a family that abuses the 80-year-old man every day, insults the elderly with words from time to time, and often does not give food, and then about PUA for a year, the old man also cries for a year, and suddenly one day he leaves.
After leaving, the family became filial piety again, saying that they would let the old woman bless their family with peace and fortune.
You say magic is not magic?
So we haven't opened up policy discounting deals yet.
But for the elderly who need pensions, there are similar alternatives.
For example, in the past few years, the popular "housing pension", the elderly mortgage the house under their name to the financial institution, the financial institution regularly gives the elderly a pension, and then during the life of the elderly, the house is rented or self-occupied, and the financial institution will not ask.
After the death of the old man, the financial institution took the house away.
However, this has a paradox, the elderly who have valuable real estate do not have money to retire, or it is more cost-effective to sell a house.
And the property is worthless, then the mortgage can not get much money, it is better to live by yourself.
In addition, it is necessary to consider the problem of leaving the house for the children.
Therefore, this way of providing for the elderly has not been promoted in the end.
This is very ironic, there are assets in hand, do not worry about no pension;
And those who need pensions the most are also worried.
There is no other way but to reserve well while you are young.
It's another exciting day.