How does it work?
It's pretty simple really!
As a senior home owner, you give another person (investor) the right to buy your Home, in the future, but at a price agreed today.
In exchange for that right, the investor pays you money every month.
So for example....if you own a Home worth $400,000 today, then the investor pays you money every month for the right to buy your Home in the future, when you die or relocate.
The monthly payments don't come off the agreed price of $400,000 but are payments you keep in addition to the sale price.
Significantly, you are in control of when this all takes place through the clever use of 'trigger events' which are either death or your decision to sell.
In that respect you retain total control.