A had a guy call me the other day, said he has 2 kids. He said one has more money that the Pope and the other is really rich. In other words they don't need his money. He is sitting on equity on his home that he nor his children need. A reverse mortgage will eliminate his payments entirely, and allow him to use that money he saves to use on things he needs, that way his children wont have help him out.

Another calls and at 75 and disabled he cant work but his wife still has to. He would really like for his wife to be able to retire with him but she cant because they cant cover everything with their social security etc. We do a reverse mortgage, eliminate his payment, his 78 year old wife can finally retire.

When reverse is not a good idea is when you don't need to eliminate a payment. If you do a reverse mortgage you need proceed with the notion that there will be no equity left to give to children, or whoever, even though there might be.