This is the one of the best benefits of Reverse Mortgage is that when the borrower will die the spouse still can stay in that home. If he/she wants to go anywhere else, then the lender will sell the home and the remaining balance amount will be given to the spouse. The spouse need not to worry about the payments, he/she still have the equity home in case of one of the partners passed away. He/she can relax at their home till they want.
The FHA permits them to use the home as a primary residence. The US government has prescribed in the laws that the lender can not force to leave the home to the spouse. The remaining payments will be paid to the spouse till he/she uses the home equity. When the spouse wants to move somewhere else house will be sold by the lender.
