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Reverse Mortgages and Long Term Care Insurance - A Great Retirement Strategy

by Ted Butler

Many seniors today are choosing to take advantage of Long Term Care insurance and make the decision ahead of time to deal with the reality of aging - at home. One of the prime tenents of LTC Insurance is to give policy holders the option to receive care in the comfort and privacy of their own home - and Reverse Mortgages are become one of the most popular ways to fund the cost of this insurance.

Reverse Mortgages, whether they are the FHA HECM or the lender guaranteed Cash Account Reverse mortgages are specially designed for todays higher value/balance homes, and have been realized to be a perfect fit for this purpose. Use your home to stay in home, and to pay for the care you receive at home is being supported not only by the insurance industry but government as well - the real winner though is the senior home owner.

Posted by Ted Butler on 07/02/2007 01:35 PM

Comments (2)

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2 Comments on Reverse Mortgages and Long Term Care Insurance - A Great Retirement Strategy

JUL

2007

great points, Ted. We have so few members in this group, not enough people are seeing your article. You might want to edit your group postings to include groups oriented toward senior issues. I have found some excellent articles on AR on reverse mortgages - but I had to search on the words - i have not found a group with wide readership that talks about them.

JUL

2007

Ted!

I really like your name.

Thank you for your valuable insight. Their really is a good message to be shared that can help many senior homeowners stay in their homes.

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