Much appreciated. I did find in the fine print:
Not FDIC insured, nor insured by any government entity. The seller (in this case, a bank) isn’t responsible for gains/losses, only Lincoln. Value
can drop.
The insight you have as to being late to the party is what I was also wondering about.
I called them this morning and believe I have talked them into hitting the pause button, and to look at all the options avaialbe before making a decision.
My Dad is retired govt/military. We believe he’ll be able to leverage VA for nursing home needs, but still looking into it.
This is largely for my Mom. I’ve asked them to start researching options where they live (back east).
If you ljinvestor or anyone else has some thoughts, let me know. Again, much appreciated!
