Tag Archives: reverse mortgage

Too Old for Life Insurance? The Surprising Truth about Seniors and Life Insurance

 “Old age isn’t so bad when you consider the alternative.” – Maurice Chevalier Recently, a Partners4Prosperity reader asked, “How well do ‘income for life’ type programs work for people within 5 years of retirement? Are these programs more for younger … Continue reading

Posted in CASH VALUE INSURANCE, INSURANCE ADVICE, INSURANCE AS AN ASSET, LIFE SETTLEMENTS, PERSONAL FINANCES, WHOLE LIFE INSURANCE, WILLS and ESTATE PLANNING | Tagged , , , , | 3 Comments

Using a Reverse Mortgage to Stop Foreclosure

Reverse mortgages are touted as a way for elderly retirees to create additional income by borrowing against the equity in their homes without having to take on another payment. Instead, the amount borrowed by the homeowner is due only when … Continue reading

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