What is the property management?
Five points of property management
- As a private pension
- As an asset management
- As an asset building
-
As an alternative to
life insurance - As a tax-reduction strategy
As an alternative to life insurance
Financial institutions loan comes with Group credit life insurance. In case of life loss or permanent injuries, the life insurance company pays off the remaining balance debt. The family members left behind will benefit the stable income without monthly installment even after the unfortunate event.
・2Bankrupted life insurance companies (from 2000)
| Year | Revenue | |
|---|---|---|
| Daihyaku Life Insurance Company | May 2000 | JPY 1,300 Billion |
| Taisho Life Insurance Company | August 2000 | JPY154.5 Billion |
| Chiyoda Life Insurance Company | October 2000 | JPY 2,233 Billion |
| Kyouei Life Insurance Company | October 2000 | JPY 3725 Billion |
| Tokyo Life Insurance Company | May 2001 | JPY 947 Billion |
| Yamato Life Insurance Company | October 2008 | JPY 283 Billion |
・Negative Spread of Life Insurance Companies
(Unit: 100 million JPY, ▲indicates negative spread)
| March 2008 | March 2009 | March 2010 | |
|---|---|---|---|
| Nippon Life Insurance Company | 300 | ▲400 | increase |
| The Dai-ichi Life Insurance Company, Limited | 11 | ▲648 | increase |
| Meiji Yasuda Life Insurance Company | 567 | ▲688 | decrease |
| SUMITOMO LIFE INSURANCE COMPANY | ▲1099 | ▲1031 | decrease |
| Daido Life Insurance Company | 217 | ▲1298 | decrease |
| MITSUI LIFE INSURANCE COMPANY LIMITED | ▲393 | ▲1552 | decrease |
| ASAHI MUTUAL LIFE INSURANCE CO | ▲816 | ▲879 | Flat |
・Nonpayment of Insurance Benefits
| number of cases | total value | |
|---|---|---|
| Nippon Life Insurance Company | 427,755 | JPY 13,409 Million |
| The Dai-ichi Life Insurance Company, Limited | 69,997 | JPY 18,911 Million |
| Nippon Life Insurance Company | 138,589 | JPY 11,580 Million |
| The Dai-ichi Life Insurance Company, Limited | 89,309 | JPY 15,828 Million |
Mortgage Life Insurance
Case Study
| Insurance Benefit | ||
|---|---|---|
| Monthly Installment | ▲JPY 76,000 | 0 |
| Monthly Expenses | ▲JPY 15,000 | ▲JPY 15,000 |
| Monthly Rental Income | JPY 85,000 | JPY 85,000 |
| Net Income | ▲JPY 6,000 | JPY 70,000 |
Point
A property asset can become an inheritance for the family instead of life insurance.
Since 1999, the bankrupting life insurance companies is increasing in numbers, due to negative spread. Affected by subprime Lehman Brothers collapse, the life insurance companies are still suffering from the after comes.