“Reverse Mortgage Pioneer Talks Past, Present, Future of Equity Conversion”

“Reverse Mortgage Pioneer Talks Past, Present, Future of Equity Conversion,” by Jessica Guerin, Reverse Mortgage Daily

“Rather than using proceeds of a reverse mortgage to pay for long-term care costs, I have suggested using reverse mortgage proceeds to pay for the premiums of a private long-term care insurance policy, and then the insurance policy can pay for the costs of long-term care when needed.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Great idea that I’ve also advocated for a couple decades. This article is an interview with Yung-Ping “Bing” Chen, a long-time friend and fellow traveler in the search for better long-term care financing. Congratulations, Bing.

Reverse Mortgage Pioneer Talks Past, Present, Future of Equity Conversion

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