Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Did you know: reverse mortgages

Your article was successfully shared with the contacts you provided.

The number of federally insured reverse mortgages closed in 2008 grew to 115,176 loans, up 6.4% over the 2007 total. That is according to Reverse Market Insight, Aliso Viejo, Calif., which analyzed data from the U.S. Department of Housing and Urban Development.

This prompts a question that financial advisors might want to pose to clients: would a life settlement be a more effective way for you to raise cash than a reverse mortgage?