Is the word mortgage bad for reverse mortgages?

I was at a health fair last week in the Orlando, FL area. We were providing education information about reverse mortgages. Including Fannie Mae, FHA, and reverse mortgage analysis' for attendees at the health fair.

I noticed a great deal of attendees walking by and looking over the information, when I would try to pass them a Fannie Mae brochure, they would reply with something like "No thanks, I no longer have a mortgage, and don't want another one". I would try to explain that a reverse mortgage can provide a great deal of income from the equity in their home especially since they have 100% equity without a mortgage, and no payments. In most cases, they wouldn't understand but it was initial 'mortgage' word that made them leary of the program.

I understand that reverse mortgage knowledge is growing, but there are still millions of seniors who would benefit from a reverse mortgage if they understood the process.

This makes me think that maybe the word "reverse mortgage" will take some time to become an understandable phrase, seniors feel that after all those years of paying their mortgage, the last thing they want is another "mortgage".

As more and more reverse mortgage education is spread, seniors nationwide will not be scared of the "mortgage" word, instead they will be asking for it.

Till next time, have a blessed day

Life Settlement, do not let your life insurance policy lapse or surrender

I work with numerous senior citizens, professionals, and agents nationwide. I still cannot believe how many policy owners are either lapsing or surrendering their unwanted life insurance policies.

Most people do not understand the ease of seeing if they can qualify for a life settlement. The turn around time can be as short as a few days. When you decide you no longer need your policy and are going to let it lapse, you get nothing. All the premiums you have payed in the past are now gone. Even if the settlement is not a huge amount, it is still more than you are getting by letting it lapse. Life settlements are growing in popularity, people are being educated that lapsing your policy is not a good idea. It is time for the education about life settlements to spread even more. Professionals and insurance agents need to discuss with their clients the potential of a life settlement versus a policy lapse.

Surrendering your policy for cash is a better option than lapsing your policy. At least you are getting something back. I have seen that a life settlement can provide anywhere from 2-10 times the cash surrender value! There really is no need to surrender your policy without at least getting a free quote to see the amount you could receive via a life settlement. RTG will run a free quote for you, just visit:
Free Life Settlement Quote
The process is quick, easy, and simple.

The insurance industry has changed greatly in the last 20 years, your policy might not be performing like you thought it would. You might have other insurance options that make your current policy no longer needed. A life settlement is something you should consider in your financial planning strategy.

Till next time, everyone has blessed day.

First post on the new blog

I am starting this blog to discuss many different benefits and ideas regarding life settlements and reverse mortgages. I am here to assist senior nationwide with updated info either daily or weekly, that they can read and follow and decide if a life settlement or a reverse mortgage is right for them.

I also will post stories of seniors that we have helped with their situations.