Under Illinois Law
((215 ILCS 5/500-15)) it is a Class 4 Felony to give insurance advice/analysis without an insurance license whether one sells or not. An Investment Advisor Representative, whether fee-only or not, has a direct fiduciary duty to provide such an analysis and/or advice in retirement, financial, and estate planning and such advice is not incidental. Beware if any fiduciary and/or fee-only advisor tells you otherwise. You should report them to the Illinois Department of Insurance, the appropriate State's Attorney, and the Illinois Attorney General.
Michael's Reverse Mortgage Advisory
A reverse mortgage is not generally desirable unless it provides, as a last resort, an otherwise unavailable but necessary source of monthly funds. It should always be in the name of both spouses. It needs to be carefully inspected for all fees (one time and continuing), the amount and term of payments, limited to the value of the house, and what happens at financial termination.