Not for everyone. Looks like a great deal - get your money now, owe nothing when you die.
Problem is, it's a very costly type of loan and the occupant still must maintain the property and make repairs as needed. Not like you're living there for free. Most are better off either taking out a home loan or selling and downsizing.
A friend's mother had one. She had a leak in the kitchen, mold, water damage, etc and died without fixing the damage. The originator somehow put a lean on her estate to repair the damage. Made the whole probate process drag on for months on end.
