There are many benefits and risks to reverse mortgages aka an annuity. Even more than what have been mentioned so far.
Many old people can easily be tricked by clever, fast talking...salesmen.
Some salesmen also kill their sales thru tasteless humor.
A reverse mortgage is not an annuity as a matter of fact one of the disclosures addresses whether or not people would use the proceeds for an annuity. I'm not going to respond to any more of your posts because obviously you have an in-depth knowledge of this unique real estate mortgage product and I wouldn't want to confuse you with the facts!