| dc.description.abstract | Taiwan’s population is rapidly aging, due to rising life expectancy and low birth rate. In 2017, it is expected that the population of elderly people in Taiwan will take up over 14% of the island’s total population, making it an aged society. According to the percentage, the population of elderly people will take up over 20% in 2025, by then Taiwan will become a super-aged society. The problem is, are we ready to face the challenges brought by this family-structure change, heavier dependency burden, long-term care of the elders, as well as economic security?
This study attempts to analyze the problem, and propose a plausible solution from the perspective of financial holding companies. It is based on current service offered by banks in caring trust, in addition to the financial security mechanism of the banks. It hopes to integrate long-term care and develop new types of service models and strategies. Also, it calls for alliance and cooperation with insurance companies to handle the risk factors, and takes into account elders’ life pension, and commoditizing every service required for taking care of the elders, such as home service and medicine. When assets of the elderly are transformed into cash, it will enhance the service quality of home service vendors through market mechanism.
Through the horizontal integration within financial holdings, the proposal incorporates the requisite services, cash and information flow. Such a service can be rapidly implemented, by combining trust and financing for “Reverse Mortgage”. In addition to elders’ life pension, it offers alternatives for sufficient financial support and life care, and fulfill the expectation of elderly care from the people.
In addition, the proposal will be enable banks to actively promote and develop new operations model, that will create a “win-win-win” situation, enabling banks to offer new financial products, as well as reduce costs for other service providers as a result of banks intervention and consultancy. Banks can also solve their potential problems of unemployment due to banking automation. In conclusion, a sustainable and mutual purpose of “elders being taken care of” and “elders having a place to rest” can be realized. | en_US |