| Data from the sixth China nationwide population census shows that, the average life expectancy of China will up to 74.83 by 2010.The age group of 65 and over will reach the number of 119 million and counted for 8.9 percent of the total population. In the future twenty years, the population life expectancy will increasingly extended with the improvement of living standards and the more perfect medical and health security system. The proportion of population of people aged 60 years or over will become bigger and bigger. The pension issues must will be the focus of attention and in this case the pension industry have been born. The pension industry will be the sunrise industry in the future.Because of the economic and social structure development of diversified, some aged affords better pension service will be dissatisfied with the current situation. The inharmonious between higher demand of pension service and lower serviceability of the pension institutions will unlikely to fully meet the ages’demand about pension. Besides, the government is facing serious pension problems. So it is unrealistic to count on the government about the nation’s pension. To deal with this situation, we require more nongovernmental capital to provide more personalized products which the government can not offer. Of course, the products and services need government supervision and control.This thesis is based on the case of Union Life Insurance Company,. Ltd. The company initiated an insurance product with an idea as— "purchase Union Life insurance, reside in our aging community" and pioneered in that insurance company investing in the aging community. The pension community of the objective (real estate) joint insurance company endowment insurance products. In this case, the physical security (pension community) and the intangible value(against inflation hedge, capital value added) can provide double protection and realize a win-win situation to solve the pension problem in the true sense. |
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