Is There a Reverse Mortgage for Hard Working Families?

Harry: Insurance should be bought only to cover losses that will afect the person's standard of living. Clark advised that under some circumstances, taking out a reverse mortgage can be a good thing for the home owner. But he does not mention the problem that can arise if some one needs to move to a retirement home or assisted living. They no longer have their home as an asset to sell that could have supported them in their later years. Harry: Reverse mortgages are a last option, not a first or intermediate option.