My wife is a certified financial advisor and she states a reverse mortage is a poor choice. She also doesn't recommend annuities or life insurance.
I would say your wife is 100% right, assuming on life insurance she is referring to things like whole life (junk) and not term.
If one needs a reverse mortgage they are likely spending more than they should based on their nest egg or have prematurely run out of money. It’s about that simple IMO.
