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Why Do I Need A Reverse Mortgage When I Can Just Leave My Home To My Kids?

8 hours ago ago from FHA Mortgage Blog

75% of all seniors will need either in-home care or nursing home care. Without Long Term Care Insurance in place, when seniors need long term care, they could easily go through spend down of their assets prior to qualifying for Medicaid. This “spend down” often leaves little to nothing for the senior’s heirs. Long Term Care Insurance provides seniors choices giving them the opportunity to receive care at home rather than being forced to ...

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