Former U.S. Sen. Fred Thompson dies at 73
Source: The Tennesseean
Fred Thompson, a former U.S. senator for Tennessee, GOP presidential candidate, Watergate attorney and longtime "Law and Order" star, died on Sunday. He was 73.
Mr. Thompson died after a recurrence of lymphoma, according to a statement issued by the Thompson family....
"It is with a heavy heart and a deep sense of grief that we share the passing of our brother, husband, father, and grandfather who died peacefully in Nashville surrounded by his family," the statement reads.
"Fred once said that the experiences he had growing up in small-town Tennessee formed the prism through which he viewed the world and shaped the way he dealt with life. Fred stood on principle and common sense, and had a deep love for and connection with the people across Tennessee whom he had the privilege to serve in the United States Senate. He enjoyed a hearty laugh, a strong handshake, a good cigar, and a healthy dose of humility. Fred was the same man on the floor of the Senate, the movie studio, or the town square of Lawrenceburg, his home.
Read more: http://www.tennessean.com/story/news/politics/2015/11/01/former-us-sen-fred-thompson-dies-73/74752142/
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That was started under Ronald Reagan Administration. And you support this? Really? WOW! 
. Although you won’t have to repay the loan until you move out or pass away, the interest on reverse mortgages starts accruing immediately, and the interests costs are often significantly higher than in traditional home equity loans.
In addition, The New York Times points out, in "A Risky Lifeline for the Elderly Is Costing Some Their Homes," you are still responsible for property taxes, insurance and maintenance on the home, which further eats into the money you will get from taking out the loan. These fees could be written into the reverse mortgage, but that just means there will be more to repay later.
Other sometimes hidden costs include not putting both spouses on the reverse mortgage deed. The Times documents the plight of a California woman whose name was not on the deed. After her husband died, she was forced out of her home because she couldn’t repay the nearly $300,000 he owed on the loan.
A reverse mortgage can also end thoughts of leaving a legacy to your heirs, because when you die or move out, your heirs would have to pay off the loan to keep the house. Otherwise, it will be sold to cover the amount, leaving your children or grandchildren with nothing."
http://www.halaw.com/articles/estate_planning/reverse-mortgage2.htm
Selling the Home, Cashing Out the Equity, Investing a Part Of That Equity in a Money Market Account, Taking the Rest to Move into an Apartment. 
Better deal all day, everyday over using a reverse mortgage......
