Free Dinner Invitation

Q: I am a Reverse Mortgage Specialist with a small ethical company in Rancho Bernardo. As a senior myself I am bombarded with offers of free lunches or dinners from these guys in this "Use Your Equity" game.

One mailing said that there was a... better alternative to a Reverse Mortgage. My wife and I went to see what was up. Twenty minutes into the presentation I turned to her and asked if she had any idea what the speaker was talking about. She (Master's Degree) replied that it sounded like double talk.

We sat through the entire program and left shaking our heads. There seemed to be no good reason to do anything they suggested.

Within the last week I spoke with an acquaintance whose father fell prey to one of these outfits. They sold him a life insurance policy and a variable annuity. Two huge commissions. Seniors are very vulnerable.

A: I agree. Let’s try to get the word out as much as we can. I know that my efforts will only affect a small number of seniors. I guess it’s like the boy on the beach throwing the starfish back in.

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