Financial Services Commission pushes to 'receive death insurance money as a pension during one's lifetime'

Usually, a plan is pushed to use the death insurance money received by the family after death as a pension or the right to move into a nursing facility during their lifetime.

The Financial Services Commission said it will finalize a plan next month to allow insurance money, which is a post-income, to be used as a means of preparing for retirement for low-income seniors in this year's major business promotion plan.

This opens the way for you to receive a certain amount of death insurance money as a pension during your lifetime, and receive it in kind, such as a right to move into a nursing facility or a right to use healthcare.

The Financial Services Commission also decided to expand the age of subscription to indemnity insurance to 90 years old and to expand coverage to 110 years old.

In addition, we will also push for a plan to allow "card transactions between individuals" so that card transactions can be made to monthly rent or street vendors under real estate lease contracts.

In the case of monthly rent, if the tenant applies for the service with the consent of the lessor and pays the card, the card company will pay the rent to the lessor.