Life post retirement under old age can be very difficult and nightmarish without proper financial support. The situation arise due to lack of or improper retirement planning or failed expectations you had from your children regarding taking care of you and your spouse when needed the most. Lots of people don’t have the foresight regarding their future requirements. The rising cost of living, healthcare, other amenities compound the problem significantly. No adequate regular income coupled with reducing capacity to work due to age factor makes life really unbearable and miserable.
It may be the time when your retirement investments and products didn’t seem to live upto your expectations and hold your hands firmly during your prime time when you needed it the most and relied on it blindly. You need money very badly and something that may be your last resort when nothing seems to work in your favor.
A smooth flow of regular income to enjoy and live life better, without putting yourself into the hardships of working, would be a great boon. Who would not like to have it? But how…?
‘Reverse Mortgage’ is the ultimate solution to all the sufferings and could provide a sort of much needed financial independency to the senior citizens who are eligible for this scheme. It is a much better way for supplementing the cash flow stream of senior citizens in order to address their financial needs.
This scheme is being offered by banks and housing finance companies under the guidelines of National Housing Bank (NHB). AssuredGain offers retirement planing solution to help individual lead stress free in old age.
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