Like annuities, reverse mortgages require a little bit of financial savy to work. And like annuities, most of the issues can be explained by the purchaser not understanding the product, and this is probably even more pronounced in reverse mortgages than in annuitized products.
Dave Ramsey is an interesting character, but I would say that his target audience is one that needs or needed financial protection from themselves. The very people who should also not participate in a reverse mortgage