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Yea, reverse mortgages are yet another underhanded scheme to harvest what remains of the elderly's wealth. Some CEO somewhere said "Well, we've already found a
by ryandrake 1y ago
Yea, reverse mortgages are yet another underhanded scheme to harvest what remains of the elderly's wealth. Some CEO somewhere said "Well, we've already found a way to drain their health savings, their retirement and pension... what else can we get our hands on?" and poof! The Reverse Mortgage! They're not going to stop until they make debt inheritable, so they can soak the next generation before they even retire.
- ModernMech 1y agoOh yeah, and then there's those commercials you see on the channels with a 55+ viewership. They're selling things like this: https://www.ovidlife.com https://www.ovidlife.com "Sell Your Life Insurance Policy. Turn your life insurance policy into an immediate cash payout" next to a picture of seniors vacationing on a yacht. Then they bring out Tom Selleck who looks in the camera and says "Would I lie to you? You can trust me!"