Monday, October 5, 2015

Reverse mortgage vs. long-term insurance

Has the hominess of a former U.S. Senator or the sincerity of a 1970s sitcom actor got you thinking about a reverse mortgage to help supplement your income? Scores of seniors have taken this route.

A reverse mortgage could also be used to pay for long-term care. But is it a good substitute for insurance? This article in USA Today offers a few of the pros and cons. 

And for more ideas on how to plan for your long-term care needs, grab a copy of A Boomer’s Guide to Long-term Care.

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