Linking Reverse Mortgages and Long-Term Care Insurance
A great study from the Brookings Institute entitled, Linking Reverse Mortgages and Long-Term Care Insurance was released and is a great read for understanding general relationships between two of the most talked about topics in the baby boomer community.
Snapshot:
As the retirement of the baby boom generation approaches, policy makers are considering ways to better prepare seniors for their retirement and long-term care needs. One idea that has received recent attention is linking reverse mortgages to the purchase of private long-term care insurance. Regulations to implement legislation passed in 2000 encouraging this linkage are expected to be released in the spring of 2004. This issue brief explains the fundamentals of reverse mortgages and long-term care insurance and outlines the opportunities and challenges with the linkage.
Read the Adobe Acrobat file here.
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Related posts:
- New HUD Rule Allows Reverse Mortgages For Home Purchase
- Refinancing Existing Home Equity Conversion Mortgages (HECM) and Revision
- Ginnie Mae chief urges more mortgages
- A Definitive Guide on Reverse Mortgages
- Facts on Reverse Mortgages
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