The Benefits of a Reverse Mortgage – Episode 115

Summary:

Many people respond very emotionally to the idea of a reverse mortgage. On this episode of the Prosperity Podcast, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about what a reverse mortgage is and what the benefits and drawbacks are. They also discuss the benefits of combining both a reverse mortgage and life insurance to maximize benefits. Tune in to find out how you can take control of your finances and become a more educated banker and consumer.

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Show Notes:

00:00 Intro

00:49 Reverse Mortgages

01:24 Quicken Reverse Mortgage Department

The Quicken employees are specifically trained to work with prosperity clients on reverse mortgages:

• Call 888-500-7210

03:57 Combining Life Insurance with a Reverse Mortgage

06:45 The Mechanics of the Reverse Mortgage

11:11 Purchasing Life Insurance for Your Family

15:25 Outro