The reverse mortgage market world heads in reverse away from the government created Home Equity Conversion Mortgage (HECM) and towards new propriety products. This is an encouraging sign because any healthy market needs competition, innovation, and variety. However, recently HECM program has been the driving force behind the reverse mortgage world, leaving many without an ideal solution to utilizing home equity as part of a sustainable retirement plan.
The National Association of Area Agencies on Aging’s primary mission is to build the capacity of our members so they can help older adults and people with disabilities live with dignity and choices in their homes and communities for as long as possible.
The 3in4 Need More campaign a national awareness campaign to educate Americans about the need to form a long term care plan and which products, services and options could be part of that plan. The key message is “Health Insurance Isn’t Enough; 3in4 Need More.” And who better to raise this awareness and communicate this message than agents, financial advisors, insurance carriers and planners?