Skip to main content

Reverse Mortgage Blog

These advisors help their clients tackle this unknown looming cost

November 11, 2019

In this CNBC article, the author highlights the impacts of long-term care expense and alternative strategies to fund these expenses.  One of the options explored is the use of your home equity (i.e. reverse mortgage) as a future funding source for home care.

  • A person turning 65 today faces a nearly 70% chance of needing long-term-care services during their remaining years, government research shows.
  • With prices soaring on insurance policies that provide straight coverage, some advisors recommend a hybrid solution — a life insurance policy combined with long-term-care coverage.
  • Another option is to self-insure, which means relying on your own assets if and when you face paying for that care.

These advisors help their clients tackle this unknown looming cost

iReverse Home Loans Corporation profile picture
iReverse Home Loans Corporation
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provide only high value reading and insight around the topic of reverse mortgages. Ultimately, it’s up to you to educate yourself on the topic and determine if a reverse mortgage is a good strategy for your financial retirement. Please enjoy the articles and I hope you learned something during your visit here. Cheers!
BLOG HOME
About my blog
We’re all flooded with stories, articles and 24x7 news so much that it’s becoming harder to quickly find relevant and well thought out content. So, I hope my Blog will accomplish that, and provid...
Read More »
Categories
Archives
Search