“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.