At first I thought the same thing you did but his situation appears to be fairly complex. Apparently he had a major mold problem at his mansion. It was so bad that it killed his dog. He won a settlement to pay for the damage but after the attorney's fees there wasn't enough left to completely cover repairs. That supposedly created the need for the large mortgage. Also, 80 year olds (even if they are working) can't qualify for disability insurance even if they had it when they were younger. Too high of a chance for a claim so the insurance companies typically won't go past around age 67. It varies by company.
KC
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