Housing - Federal Public Housing Programs - § 231 Housing Mortgage Insurance For The Elderly

The § 231 program provides low-interest, fixed-rate mortgage loans to housing developers for either construction or rehabilitation of rental units occupied by the elderly or the handicapped.

Department of Defense Health Care Benefits

The United States Department of Defense (DOD) provides health care coverage to its members through its own facilities, military facilities, and private health care providers, although the cost of the care may vary depending upon the recipient and the location of the services provided.

Asset Management - Viatical and Senior Settlements

In a viatical or senior settlement, a person who owns a life insurance policy sells the policy for a lump sum payment, usually a percentage of the policy’s face value, to a buyer. The buyer of the policy then becomes the beneficiary, pays the premiums, and receives the full amount of the insurance when the original owner dies. Viatical settlements can be risky for both the sellers and the buyers and should be evaluated carefully.

Concerns about Variable Annuities

An annuity may be a wise investment because it can pay income to the annuitant for the rest of his or her life. The amount of that income can be fixed or variable. In a fixed annuity, the income payment is typically guaranteed. In a variable annuity, the income amount will fluctuate based on the performance of the investment portfolio.

Housing - Armed Forces Retirement Home

The Armed Forces Retirement Home (AFRH) provides eligible veterans with a retirement living option that is not available to most Americans. AFRH has two locations. The U.S. Naval Home is in Gulfport, Mississippi, and the U.S. Soldiers’ and Airmen’s Home is in Washington, D.C. Both are open to veterans of all military branches, and both provide a wide range of facilities and services to their residents.