#Japan #Tokyo #Midori Life #Midori Trust #solo service

Overview of the New 'Solo Service'

In a collaborative effort, Midori Life Insurance Co., Ltd. and Midori Trust Co., Ltd. have launched an innovative solution designed specifically for solo residents and those without immediate family. Effective June 1, 2025, this service aims to facilitate the administrative procedures that follow one's passing by designating Midori Trust as the beneficiary for life insurance payouts.

Background and Purpose

With Japan's aging population on the rise, the number of single-person households continues to grow. This demographic shift has brought to light a pressing issue: many individuals lack a support system for managing posthumous affairs. Concerns about funeral arrangements, the handling of remains, and necessary notifications to authorities create anxiety for those who find themselves without a reliable person to assist during these challenging times.

The 'solo service' aims to provide peace of mind by utilizing life insurance proceeds to manage these post-mortem tasks efficiently.

Benefits of the 'Solo Service'

1. Eligibility for Life Insurance: Even if there are no close relatives available, customers can still take out a life insurance policy with Midori Trust as the beneficiary.
2. Continued Service: If the designated beneficiary passes away while the policy is active, the service ensures that Midori Trust can still be named as the beneficiary, removing the stress of finding a new one.
3. Guarantor and Monitoring Services: Various services, including hospitalization guarantees and elderly monitoring, can be accessed through Midori Trust, acting as a liaison for these offerings.

It’s important to note that the 'solo service' is not limited to single individuals but is also available to elderly couples and those who may face difficulties handling post-death procedures due to distance or other constraints.

How the 'Solo Service' Works

The process of utilizing this service involves a few steps:

1. Contract for Delegation of Posthumous Affairs: The policyholder enters into a delegation agreement for posthumous affairs with Midori Trust.
2. Life Insurance Agreement: The individual subscribes to a policy from 'Midori Life', naming Midori Trust as the beneficiary for death benefits.
3. Payout and Execution of Affairs: Upon the policyholder’s passing, Midori Trust receives the insurance payout and executes the agreed-upon posthumous arrangements such as funeral planning, interment, and notifications to relevant agencies.

Features of the 'Solo Service'

• - Financial Assurance through Life Insurance: This service enables clients to reserve funds for necessary posthumous procedures without financial strain by utilizing the life insurance payout effectively.

• - Support from Trusted Professionals: Midori Trust is dedicated to carrying out posthumous tasks according to the policyholder's wishes, ensuring reliable assistance during sensitive times.

• - Streamlined Procedures: By integrating life insurance and posthumous delegation contracts, customers can complete their preparations efficiently.

Conclusion

The 'solo service' officially commences on June 1, 2025, although availability may vary by region. Individuals seeking more information should consult the official websites of Midori Life and Midori Trust.

As society continues to grapple with the challenges posed by an aging population, both companies are committed to developing solutions that promote peace of mind and well-being for all individuals, ensuring a supportive environment for those in need.