Lots of minds like concrete on here- All mixed up, and permanently set!
I'm just speaking of the reputable outfits (there can be scammers in every situation)- but the biggest misconception in the answers below is that at some point, they throw you out of your house. Not true. Its simply an annuity, funded by your home equity. The payments may stop if you outlive the annuity tables (depending on the terms of the contract), but you stay for life.
Works fine for a senior who wants to stay in their house, can't afford to as it stands, and the kids (if any) won't or can't help.
I sure hope none of the naysayers have a "Living Trust"- that's really the pot calling the kettle black, because living trusts are the biggest scam of all.
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Today's Featured Article - Engine Valves - Some Helpful Information - by Staff. Intake - On the intake stroke the piston moves doward, sucking in carburized fuel through the open intake valve. Exhaust valve is closed. Compression - With both the intake and exhaust valves closed, the pistons upward stroke compresses or squeezes the fuel into the combustion chamber. Firing - Ignited by the spark, the compressed fuel explodes and forces the piston downward on its power stroke. Intake and exhaust valves are closed. Exhaust valves and seats are exp
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