Research On The Legal System Of Housing Revers Mortgage Endowment Insurance

At present,the age structure of China’s population shows the characteristics of aging.No matter at the national,social or family level,it is faced with huge pressure of providing for the aged.In order to alleviate the pressure on the elderly,China has officially introduced the housing reverse mortgage endowment insurance system since 2014,and determined that the insurance company is responsible for this business.As the only reverse mortgage endowment insurance contract in the current life insurance market,happy house noble launched by happy life insurance company started to pilot in 2014 and was fully implemented in 2018,covering less than 200 people,which is much lower than expected in terms of the number of insured.How to make the reverse mortgage endowment insurance give full play to its advantages in China and effectively alleviate China’s situation At present,the pressure of providing for the aged is a problem worth exploring.As a new type of pension product,the first part of this paper starts from its legal characteristics and connotation,analyzes the legal relationship and legal theoretical basis involved.In the second part,taking the happy house contract launched by happy life insurance company as the starting point,the author analyzes the problems directly involved in the terms of the contract,such as the disposal of the insurance contract after the divorce between the husband and the wife,the separation of the ownership of the house and the disposal right after the death of the old man who has a successor,and so on.Secondly,from the insurance contract,we can see that the following indirect methods still exist in the reverse mortgage endowment insurance of the house Legal problems: in fact,there are doubts about the business scope of insurance companies,narrow coverage of policy holders and lack of support from the state in fiscal and tax policies.The third part introduces the experience of housing reverse mortgage endowment insurance in foreign countries.It mainly introduces the United States,which has the best development at present,Singapore,which has the most public housing in China,Canada,which has run the project completely by the market,and the United Kingdom,which has experienced the failure of completely market-oriented operation and has developed well with the participation of the government.This paper summarizes the specific legal guarantee in the development process of housing reverse mortgage pension in these countries.The fourth part provides ideas for the construction of the legal framework of China’s housing reverse mortgage endowment insurance.First of all,clear the relevant provisions of real estate reverse mortgage to limit the scope of rights and obligations of the mortgagor and mortgagee,and regulate the specific way of exercising their rights.Secondly,we should establish relevant consultation and supervision institutions,and improve the existing housing evaluation and other supporting institutions.Finally,we should strengthen the publicity support at the national level,and support in the financial and tax laws,so as to promote the development of housing reverse mortgage endowment insurance from the macro perspective.