Is There a “Right Way” to Grieve?

Insights on Growing Older & Facing Death


reverse mortgage newsBereavement is a touchy subject. Many people shy away from those who are grieving, or offer platitudes such as, “I’m sorry for your loss.” We’re uncomfortable confronting others’ sorrow — which is why all those “With deepest sympathy” cards exist.

In H Is for Hawk, Helen Macdonald tackles loss from the depths of her grief over her father’s sudden death, with luminous prose that will resound in the heart chambers of anyone who has known such sorrow — in other words, just about all of us. She writes, “Here’s a word. Bereavement. Or, Bereaved. Bereft. It’s from the Old English bereafian, meaning ‘to deprive of, take away, seize, rob.’ Robbed. Seized. It happens to everyone. But you feel it alone. Shocking loss isn’t to be shared, no matter how hard you try.”

As a naturalist, Macdonald takes readers on the bereavement journey with a feral heart, interweaving memories of her father with the story of a goshawk she acquired and raised following his death. Her memoir depicts the gravity of losing both time and one’s mind in the bowels of despair, to rise again in renewal and courage.

While grieving is a highly individual process, there are steps reverse mortgage professionals can share with the seniors (and family members) they serve to help expand awareness of bereavement, and to support those who are or will be grieving.

7 Steps to Support Those Who Are Grieving

  1. Acknowledge that you are grieving. This is not a time for a “stiff upper lip”, and we each go through the process at our own pace. Sometimes sharing what you’re experiencing can actually be beneficial for others, who may not have known how to open a dialogue with you.
  2. Grant yourself the grace and time to heal. Not everyone journeys through Dr. Elisabeth Kübler-Ross’s well-defined stages of grieving and loss (denial, anger, bargaining, depression, acceptance). Even when they do, it may not be in this order, or may involve only a few of the stages. Some of the stages can show up differently than you might expect: anger or depression could manifest as critical or stubborn behavior, for example.
  3. Be open to unexpected blessings along the way, as we discussed in Finding the Gift In Grief.
  4. Seek help in whatever form most appeals to you, such as a grief support group, counselor, friend, or clergyperson.
  5. Remember that grief is a normal human response to loss of some kind. It may not be the loss of a spouse, parent, child or other human loved one: for many people, loss of a job, loss of a pet, loss of a marriage through divorce, loss of the place you live due to a move (e.g., giving up the house you’ve inhabited for half a century for assisted living), or loss of your health due to illness or injury, can also be viable causes for grief.
  6. Keep yourself healthy. While it may be tempting when in emotional pain to neglect personal care or indulge in unhealthy forms of consolation, it’s important to take care of yourself, even if you let other life routines slide for a while. Perhaps a neighbor, friend, family member, church group or even hired caregivers can help ensure that the senior who is grieving has meals in the fridge, clean clothes, and is taking care of their body. Though it may seem minor, staying physically and mentally healthy is a great help in dealing with grief.
  7. Let nonessential tasks go for now. Some people may feel they have to get back on track quickly because their spouse/manager/kids/grandchildren, etc. are counting on them. But grieving does not happen in normal time, as Macdonald makes clear. Ask for and allow yourself a minimum of a few weeks, to a few months or longer, before you recommit to routine. After all, most companies provide maternity leave (and these days, often paternity leave as well). Taking time to recover from loss is just as important as welcoming a new life into your world.

    Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Lead Provider Invested in New Spokesman

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Affinity Partnerships launches new campaign with Danny Glover

The reverse mortgage made its early public splash with the advent of celebrity spokesmen Robert Wagner, Jerry Orbach, James Garner and the late Senator Fred Thompson to name a few. While some have questioned the effectiveness of celebrity spokespersons one online provider has invested in a new effort to educate consumers with their new spokesman Danny Glover.

ap_backDespite recent product improvements, positive media coverage and increased adoption of the HECM by financial professionals, the reverse mortgage remains largely misunderstood by the general public. Our industry has respectfully pushed back against this perception bias with educational efforts and national advertising. Celebrity spokespersons play a key role in opening public dialog and dispelling common misconceptions about the loan product.

Affinity Partnerships, an Idaho-based technology firm that builds online platforms to educate specific demographic markets is partnering with select HECM lenders featuring a new national television campaign featuring Danny Glover…

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

 

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How to be a Reverse Mortgage Celebrity

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Practical Tips to becoming your own celebrity spokesperson

You’ve seen them on television and read about them in our industry’s news wire, celebrity spokespersons. The question is how can you become your area’s local reverse mortgage celebrity?

celebrity-hatFew of us have the financial means to launch a national television campaign, take out a full page ad in a national publication or make a public splash in the national consciousness, however you can become the best known celebrity advocating reverse mortgage in your local area. How?

Here’s how to become your local reverse mortgage celebrity:

First and foremost branding. You can affix a magnet placard to the sides of your car, wrap your vehicle with reverse mortgage graphics or simply create a snazzy rear window screen graphic. Be sure to include a value proposition, your name and a call to action for others to call you. You may even consider creating your own jacket, collared shirt or vest advertising your services. Can you imagine the numerous spontaneous conversations that you could have while in line at the grocery store, bank or post office? Don’t miss the opportunity your public presence has to brand you as the go-to person for all things reverse.

Second: Make friends, especially in the media…

 

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Owning and Enjoying Aging in Peace

Insights on Growing Older & Facing Death


Personal growth pioneer Louise Hay, still a tour de force in the field at 89, is known for saying, “Make the rest of your life the best of your life.” Her words aren’t aimed specifically at seniors, though they’re most apt for this cohort group, many of whom have a difficult time making peace with the changes growing older brings.

Several older participants in a women’s networking group recently asked, “How do you think about and deal with your feelings about aging — and death?”

Here are some ideas you may wish to share with your reverse mortgage prospects and clients or their family members, as well as with other elders in your life.

On growing older

  • Start or join a support group. Aging alone can be challenging, and the number of seniors minus any kind of support is mushrooming as the Boomers enter their elder years. Deepening Our Connection: A Guide for the Wisdom Years offers guidance for how to create “intentional family” later in life (or ideally, much earlier).reverse mortgage news
  • Have conversations with your younger self. Remember what used to light you up, or areas of life you always longed to explore but never did. (Painting class? Hiking club?) Now might be the perfect time to revisit these intentions.
  • Reframe aging as an adventure, and journal about it as you would a trip to a foreign country.
  • Read uplifting memoirs of people who’ve been there, such as Greedy for Life: A Memoir on Aging with Gratitude or The Measure of My Days, by Dr. Florida Scott-Maxwell. I read the latter in my early twenties. Scott-Maxwell’s book is a timeless testament to the issues we face throughout our lives, such as how to maintain individuality in a mass society, and how to emerge out of suffering, loss, and limitation with something approaching wisdom. Written when Scott-Maxwell was in her eighties, her voice is that of the “grandmother wisdom” often absent in Western culture.
  • Adopt a digitized four-footed companion. Did you have pets in your younger years but feel unequal to the task of caring for one now? Robocat provides all the love with none of the responsibility: no need to feed this cat, or clean the litter box. May be especially beneficial for someone with mild cognitive impairment.

On facing death

  • Embrace your role as an elder. When our parents and those of their generation die, we have an opportunity to redefine relationships within the family. In other cultures (and past generations) elders were revered. Now, as a senior, you have the freedom to serve as the voice of wisdom where you live, whether that means a major city, a nuclear family, or a retirement living community. Perception makes the difference.
  • Absorb the virtues of inspirational loved ones who have died, and allow the memory of your beloved departed to remind you that you’re still ALIVE.
  • Live in the now. This 92-year-old offers five simple rules for happiness that any senior (or younger person) can embrace if they choose.
  • Give back. Think you’re too old to serve others? A 105-year-old nun is still a font of encouragement to prison inmates. Her dedication to helping others may be one reason she’s lived so long. Instead of focusing on death, or her infirmities as a centenarian, she continues to enrich the world with love and outreach.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Get Smart! From TV to Technology

Telerehab? Networked Elder Care?


If you’re over 50, you’ll likely recall the 1960s television comedy, “Get Smart”, in which a bumbling secret agent used a panoply of “high-tech” devices to win the day in each episode. While many visionary ideas employed by the show (think of Maxwell Smart using his shoe or tie as a cell phone) have since come to pass in a more functional form, today’s tech can help seniors even more than it helped Agent 86.

Smart phones. Smart cars. Smart clothes. Smart health care.

reverse mortgage newsHow “smart” are the seniors your reverse mortgage business serves when it comes to the tech support? We’re not talking about calling a computer helpline. The Internet of Things (smart, connected devices or objects) is exploding at a mind-blowing rate: in fact, eight years ago there were already more objects connected to the Internet than people! And by the close of 2015, there were 9 billion connected objects, from smart phones to smart cars to smart clothes. By 2020, this figure is projected to exceed 50 billion.

You may be scratching your head about smartwear. At the moment, sports enthusiasts are leading the trend toward smart clothing, with sensor-infused shirts, shorts, sports bras and socks that provide biometric data on muscle activity, breathing rate, and heart activity zones (all data not currently tracked by fitness bands or smart watches). But think about what this could mean for the senior population, especially as people become frail or develop memory loss.

In fact, elder care itself has gotten smart, as companies such as SmartCare Consultants and Care at Hand demonstrate. After watching three family members deal with serious illness that required constant care, with his grandmother unable to call for help in a medical emergency, SmartCare Consultants founder Bryan Jefferson created round-the-clock, transparent care that introduces groundbreaking technology into residential care communities, from networked devices to cloud data analysis that provides immediate, timely reports.

Care at Hand takes smart health even further. After his great uncle’s health rapidly failed, Care at Hand co-founder Jeffrey Levy created a platform that allows non-medical personnel to use evidence-based smart surveys to predict and prevent hospitalizations. In this touching story, Levy describes how his mother, with zero clinical training, was able to use Care at Hand to monitor his father’s health status in the aftermath of a medical emergency, detect a developing blood clot, alert his physician, and prevent another trip to the ER.

Telerehab? It’s the Best Program on TV

What about a senior who suffers a fall and needs rehabilitation to get back on their feet, literally? This used to be a conundrum: if a senior needed physical therapy, but had no way to get to the rehabilitation center because they were unable to drive, they would either need residential care in a rehabilitation center, or hope they could find a physical therapist who makes house calls.

RespondWell has this handled. The telerehabilitation software helps patients go through rehab via TV. As we noted in The Rejuvenating Effect of Tech, while this breakthrough was not designed specifically with seniors in mind, it’s a boon to an older population.

And if a senior is healthy and wants to remain so? Wearable tech such as fitness trackers keeps seniors walking and accountable, prompting one 62-year-old to “triple her daily mileage, improve her diet and shed 13 unwanted pounds she’d carried around since her first child was born.” That’s a pretty good ROI for a small device.

No doubt Maxwell Smart would approve.

 

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Hold Your Head High

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You may be the last hope for this generation of retirees



reverse mortgage newsIt’s no news flash that our industry has underwent severe growing pains in recent years. Many of you have your share of battle scars that serve as an ever-present reminder of relentless product changes, housing market upheavals and previous media attacks against the reverse mortgage and those who sell them.

All things considered one may ask “what’s the upside of being in this business?”  While true it may seem that no good deed goes unpunished when it comes to helping older Americans ensure a more comfortable retirement, yet there is a sliver lining; the need is immense for income solutions and will continue to grow. Why? Fewer retirees are prepared today than in any previous generation before it. Entitlement programs and Social Security are unsustainable though few politicians will actually take the required  course of action required to avert disaster. After all would any politician today dare utter the words of President Frank Underwood in the hit Netflix Series House of Cards? “For too long, we in Washington have…

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Pay Attention! How to Create Mesmerizing Meetings

The Key Ingredients to Hold Their Attention



In this distractible age, whether you’re attempting to communicate with senior reverse mortgage prospects who may have hearing deficits or difficulty concentrating, or those at the other end of the age spectrum who can’t miss a nanomoment with their phones, how can you get — and keep — their attention? Like Star Trek’s Captain Picard, whose signature command, “Engage!” propelled the Enterprise into warp, it requires personalized, purposeful reverse mortgage newsaction.

According to Inc. magazine, “The only thing you can control is the message and the delivery of that message. The secret to engaging Millennials [or elders] in meetings is crafting captivating content.”

Here are some suggestions for capturing and holding the attention of your audience, whether you’re addressing seniors at a lunch ‘n’ learn or Millennials at a business gathering:

  • Begin with a story. Did your mother or dad read, or tell you, spellbinding bedtime stories? I still remember tales my father made up when I was knee-high to a grasshopper. Stories draw us into the speaker’s realm, and are a classic way seasoned presenters impel audience interest.
  • Involve your listeners. The corollary to story is interaction. A friend attended a daylong psychology workshop that could have been very interesting, but she was bored senseless after fifteen minutes. Why? The presenter used lecture format only, when the subject matter practically begged for audience participation in the form of group discussion, paired exercises, and quiet time to assimilate learning and discoveries.
  • Involvement might also mean asking meeting participants ahead of time what they most want to hear about, either via a quick emailed survey or, if it’s a small group, calls or text messages. (The latter will likely work best with younger audiences, such as the family members of a senior reverse mortgage client, rather than the seniors themselves.)

  • KISS: Keep it Super Simple. For seniors, especially, less is more. If you plan to make half a dozen points, cut it down to two or three, and repeat the message in various ways throughout your program.
  • Be visual. We think in pictures. To help KISS take root, use images and videos where appropriate. For Millennials this is a no-brainer; it’s why Instagram and YouTube are stratospherically successful.
  • Engage the phones. Work with what is. Think of creative ways to engage younger audiences with their ever-present phones, such as by asking everyone to respond to a live poll.

While Millennials may be disrupting the meetings structure of old, and seniors may be hard of hearing or otherwise distracted, you can still create productive presentations. It’s all a question of “meeting” people where they are. Just as Gen Y has stepped up to the plate when it comes to tech-savvy elder care, they and their grandparents are ripe for meeting reinvention. Engage!

 

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Stock Market Losses & Reverse Mortgages

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Retriees Ignoring Home Equity May Pay Dearly in a Down Market

reverse mortgage newsUnless your television has been turned off for the last week you have seen the stock market’s plunge due to China’s currency crisis and crude oil prices. With more advisors embracing the strategic use of a HECM to prolong investment portfolios and more retirees taking a do it yourself approach to retirement reverse mortgages are positioned more than ever before to provide a timely solution.

Last September an article in the Wall Street Journal articulated how HECMs can be used to buffer against market swings and sequence risk. For those relying heavily on stocks and equities as a source of income the sequence of their withdrawals can have long-lasting effects, especially when one sells investments during a market downturn. Pfau and other notable financial professionals have championed the benefits the HECM’s line of credit in a standby reverse mortgage strategy, drawing from the credit line when portfolios have lost value rather than selling stocks for a loss in a down market.
Beyond the role advisors play in shaping retirement strategies more retirees are taking a hands on do-it-yourself strategy to…

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

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The Greatest Fear of All

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Overcoming Fear of Rejection for Greater Sales Success

reverse mortgage newsSomeone once told me “the answer is always no until you ask”. I beat this mantra into my consciousness early in my sales career. It speaks to a common affliction often found in salespeople: the fear of rejection.

As human beings we are hard-wired to seek connection, acceptance and belonging. Fear of rejection focuses on the potential loss of these nobel aspirations. Truth be told none of us are immune yet some have mastered their fear pushing through to new levels of personal victory and professional achievement. How can each of us as reverse mortgage professional manage this human condition?

It’s strictly business

Life is a teacher and at times an brutal drill instructor. We have learned repeatedly that being rejected hurts. This repeated cycle of action and consequence can leave some feeling insecure as to how they should approach others coupled with a bruised sense of worth. When it comes to sales there is something we should first consider: the rejection is not of you as a person but of the idea or product you are selling. As Michael Corleone opined in the Godfather “…

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.