Research On The Mode Of Housing Reverse Mortgage Endowment Insurance In China

With increasingly accelerated the pace of aging society,the situation getting old be fore getting rich has happened in China. Combined with the typical "421" family struc ture resulted in the implementation of the one-child policy, poses challenges to the exi sting old-age security system in China. It is difficult to cope with the growing aging population crisis to just rely on the mainstream social endowment and the traditional pension model. Aging is a worldwide problem, many developed countries face this dil emma earlier than China. In response to the ages of the pension crisis, many countrie s began to carry out house-for-pension program as the extension and innovation of en dowment security system, and achieved a great success. At present domestic face simil ar problems, we can draw lessons from successful international practices, consider the housing endowment the new endowment way. In 2014 the state council formally prop osed ‘to carry out the housing reverse mortgage endowment insurance pilot’, which is treated as a new model of house-for-pension program explored by domestic insurance industry. This article regards”research on the mode of housing reverse mortgage endo wment insurance in China “as topic, analyzing in the version of the reverse mortgage endowment insurance of our country to launch products overall train of thought, in o rder to a successful pilot, establish and improve the products rich, the level of pensio n security system.The article consists of five parts. The first part mainly introduces early house-forpension program related business exploration situation in parts of the country, and acc ording to the specific products offered by different institutions analyze the reasons of t hose failure; The second part introduces the main obstacles to the domestic implemen tation of housing reverse mortgage endowment insurance; The third part explore the in ternational successful mode of its product design principle to learn experiences; The fo urth part is key point of the article,that to build the mode of housing reverse mortgag e endowment insurance in China. And combined with the elements in the construction of it to introduce the roles, opportunities and risks of insurance companies in the ho using reverse mortgage endowment insurance business, as well as to provide supportin g measures of its mode.The last part summarizes the whole paper, and puts forward operation process of the business, hope to offer effective supplement for China’s old-age security mechanism of perfect.