Dissertation > Excellent graduate degree dissertation topics show

Research on the Reverse Mortgage Insurance

Author: CheXiaoNing
Tutor: XuFeng
School: South China University of Technology
Course: Finance
Keywords: ageing reverse mortgages pension insurance
Type: Master's thesis
Year: 2013
Downloads: 80
Quote: 0
Read: Download Dissertation


Rapid development of population ageing in China has become an undisputable fact. Inparallel to continuously improvement of the social security system, the Chinese governmentwould like to accelerate the development of the eldercare sector and encourage financialsegment to develop products and services for senior citizens. As an asset conversion mode,reverse mortgage insurance increases senior’s income by releasing the cash flow which wastied up in their properties. Introducing of reverse mortgage insurance has great practicalsignificance to secure and improve senior’s living standard and to promote social stability.This study starts with description of reverse mortgage’s theoretic ground andconnotation. By studying the operational model of reverse mortgage in the developedcountries, it summarizes the general rule of reverse mortgage product. It then qualitativelyelaborates that China has already the prerequisites and feasibility to introduce reversemortgage products. After that, it performs quantitative analysis via introducing both lump sumand instalment plan pricing model and income replacing rate model. Using average lifeexpectancy and the average rising rate of house price in Guangzhou, it calculates thepossible income from eventual reverse mortgage and the “income replacement rate”(which isresult of the income divided by average annual income before retirement). The “incomereplacement rate” indicates the efficiency to increase the income of a pensioner. Thequantitative analysis shows that the average income replacement rate could be at the samelevel or even higher than current social pension system’s replacement rate of50.3%. Theearlier the reverse mortgage insurance starts, the higher replacement rate would be. It isevident that reverse mortgage insurance indeed improves the income level of seniors,especially those low income groups.Finally, the study concludes that reverse mortgage insurance could be an effectivecomplementary for those who own property but lack of cash income. The study also proposesseveral suggestions how the reverse mortgage insurance could be constructed in practice inChina.

Related Dissertations

  1. The Research on Improvement of Rice Noodles Quality,TS213.3
  2. Research endowment insurance system in urban China Equality and Efficiency Perspective,F842.6
  3. Research on Community Security Measures for Urban Resisdents through Active-Aging Perspective,D669
  4. China’s Urban Communities to Explore and Research the Family Pension,D669.6
  5. An Analysis on the Method of Taking Care of Elderly during the Ageing Times,D669.6
  6. The Construction of Long Term Care Insurance in China,D922.284
  7. Effects of Acupuncture Pre-conditioning on Cerebral Ischemia-reperfusion Injury in Aged Rats,R245
  8. Study on Alloying and Ageing Hardening of Mg-Zn-Al-Ca Magnesium Alloy,TG156.92
  9. High-rise apartment interior public transport elderly humanized design space research,TU241.93
  10. The New Rural Social Pension Insurance: Fiscal Support and Institutional Reconstruction,F842.6
  11. Study on Microstructure and Properties of Copper Alloy Mould of Horizontal Continuous Caster,TF341.6
  12. Investigation of Ageing Technics and Microstructure Analysis of 6N01 and 7n01Alloys,TG156.92
  13. Investigation of High Strain and Low Cycle Fatigue Behaviors of Hot Rolled and High Strength H-beam Steels,TG335.11
  14. Preparation and Prosperties of Anti-blooming and UV Resistance Flame Retardant PP and PP/Talc Composites,TQ325.14
  15. Research on Japan’s Pension Insurance System,D922.182.3
  16. The development of the cause of aging and as a government responsibility,D669.6
  17. Research on the Migrant Workers’ Endowment Insurace Connection,F842.6
  18. New Rural Social Pension Insurance Pilot Study About Shenyang Kangping,F842.6
  19. Preparation and Properties of Anti-yellowing Thermoplastic Polyurethane Adhesive,TQ433.432
  20. Research on China's urban home care,D669.6
  21. Break and Blend,F842.6

CLC: >
© 2012 www.DissertationTopic.Net  Mobile