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A Policy Study for Expansion of Trust-method Reverse Mortgage
Journal of Insurance and Finance
2020, 31(3),
pp.51-76
DOI :10.23842/jif.2020.31.3.002
Publisher : Korea Insurance Research Institute
Research Area : Business Management
DOI :10.23842/jif.2020.31.3.002
Publisher : Korea Insurance Research Institute
Research Area : Business Management
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This study intends to analyze the intention to use the trust-method reverse mortgage for the first time in order to resolve the instability of spouse supply and demand in the past, and to make a policy proposal to expand the use of the trust-method reverse mortgage. As a result of analysis of the intention to use the trust-method reverse mortgage, the most important factors influencing the intention to join the trust-method reverse mortgage are relationships with children in case of participating in reverse mortgage, intention to inherit the house, needs for education to prepare for retirement, sufficient preparation for retirement, and knowledge of reverse mortgage. In order to invigorate the trust-method reverse mortgage, it is important to communicate the concept and advantages of the trust-method reverse mortgage to the target audience. In addition, it is considered that education, public relations, and counseling for children should be strengthened so that the parents' participation in the trust-method reverse mortgage can help the parents' retirement and reduce the burden on their children.
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