Feasibility Study On Housing Mortgage Pension Insurance

Our country, as a large country in population, is also one of the most serious aging countries. In 2013 our elderly population break through 200 million, achieve202 millio,aging level reach 14.8%.According to forecast, the elderly will increase 1million people a year by 2025. "Country is not rich, people grow old first" is a severe problem we are facing. Acceleration of the aging population makes the pension problems in our country highlights day by day, how to guarantee the elderly’ life quality and make sure they’re looked after properly is current problem in our country that urgently need to be solved. However, our country’s current social security system is not sound, pension gap issues constituted the challenge to our old-age care. While continue to improve the social security system in our country, we put forward to speed up the development of pension services, embolden financial industry actively participate in the pension area, explore and develop products that suitable for our country’s financial endowment situation.Housing reverse mortgage endowment insurance is a new kind of financial endowment product which appears under the condition of China’s current pension shortage and high elderly home ownership. Housing reverse mortgage endowment insurance to improve the elderly’ life quality through releasing the cash flow that cured in real estate, and it has important realistic significance to the protection and improvement of the elderly’ life quality. However, housing reverse mortgage endowment insurance products on the market in our country has not really get introduced and developed, basically still in the exploration of the bud. Based on the analysis of the various conditions in our country, this article explores the feasibility of housing reverse mortgage endowment insurance. Under the feasible condition, to put forward with carrying out the idea of housing reverse mortgage endowment insurance business and guarantee mechanism.The nature of the housing reverse mortgage endowment insurance carries out to the elderly with low and middle income, and treats their independent property as the target. By the means of housing reverse mortgage to insure in insurance company, andget pension income from insurance company, then to cope with the pension shortage,improve the level of old-age insurance business. Based on the analysis of home and abroad relevant documents as well as relevant basic theories, this article firstly analyzes the feasibility of the implementation of housing reverse mortgage endowment insurance in our country. From analyzing all our current feasible conditions to analyze how the housing reverse mortgage endowment insurance can improve welfare level of the policy-holder from angle of economics, finally by feasibility test to demonstrate the prospects of housing reverse mortgage endowment insurance. Then, on the basis of comparing and analyzing successful implementation of the housing reverse mortgage endowment insurance in developed country, as well as combining specific situation in our country, to put forward the idea and operation process of our own housing reverse mortgage endowment insurance. Besides, at the end of this article, it elaborates the guarantee to smooth implement of housing reverse mortgage endowment insurance safeguard mechanism from two aspects of government and insurance companies.