Phillip Cannella News: Phil Cannella Discusses Reverse Mortgages and Long Term Care

Phil Cannella – Phillip Cannella News: Phil Cannella has worked in the field of retirement for almost 40 years now. His focus was initially with the concerns of people as they age and require nursing home care, home health care or some form of long term care. Phil Cannella became a leading pioneer in long term care insurance and thereby helped thousands.

As with so many things Phil Cannella tackles, he looks at them as a true professional and made it his business to understand a problem and a solution in all its aspects. To this end, he understood that some people couldn’t afford or couldn’t even qualify for long term care insurance but he found a solution workable to many – the reverse mortgage.

Phil Cannella even states: “You may worry that by pulling out the equity from your home and using it towards assisted living expenses, there won’t be anything to pass on to your heirs.  Your home may be your most precious asset, both financially and emotionally, as is the case for most Americans.  But guess what?  You don’t have to worry, because your home will continue to appreciate in value and the odds are favorable that by the time you pass away, the equity you pulled out will be recuperated.”

As Phil Cannella points out, a reverse mortgage doesn’t cheat your heirs out of an inheritance.  On the contrary, it allows you to address long term care issues that might otherwise burden them and helps you protect the very assets that you’ll be passing down.