In need

[senior-advisor-indiana]

You need to look at the income products. Amerus, ING, or American Investors. Sounds like a good fit. Then again $80k might be a little short of $500 a month.

Doesn't he have any non-qualified money to get monthly income off of? He will be paying taxes on that $500 per month.

 

[hope33709]

He is already paying taxes on the $500 per month, he has been taking it out for a year now, but needs more income so we did a reverse mortgage which is tax free. So the $500 per month is better than the $1000.00 he needs. $500 comes from the reverse mortgage also.

 

[hope33709]

Thank you all for your info, I did choose to go with AMERUS. Great Company

 

[senior-advisor-indiana]

No thanks needed. Just send me 5%.