Stretching Your Dollar: Understanding Life Insurance Loans

Tom McNeela, chief RIA solutions officer with RetireOne, joined Cheddar News to explain how people can use their life insurance policies for an emergency loan. "There's a lot of advantages and opportunities with permanent life insurance policy," he said, "if you have one, and there's cash value in there, you can take a loan out, and most of the time, it's a better rate than what you can get at your bank."

More In Business

BlendJet Recalls 4.8M Blenders

BlendJet Recalls 4.8M Blenders

OAPN: New Jersey Coffee Shop Employs People With Disabilities

New Jersey café hires people with disabilities.

Las Vegas May Set Wedding Record on NYE

Las Vegas May Set Wedding Record on NYE

Need2Know Biz: Ernie Bot, Boeing Concerns & Nvidia's Chinese Chips

Need2Know business news.

The Most Expensive NYE Cities for Hotels

The Most Expensive NYE Cities for Hotels

Recall of Nearly 5 Million Portable Blenders Under Way for Unsafe Blades and Dozens of Burn Injuries

The blenders can overheat or catch fire and their blades can also break off during use. Regulators urged consumers to stop using the recalled model immediately and contact BlendJet for a free base unit replacement.

Long-Term Mortgage Rates Dip for 9th Straight Week, Hitting Lowest Level Since May

Mortgage rates have been easing since late October, when the average rate on a 30-year home loan reached 7.79%, the highest level since late 2000.

Jobless Benefits Rise but Labor Market Remains Solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or the broader economy.

Wendy's Offers One Cent Jr. Bacon Cheeseburgers

Wendy's is rolling out a promotion all week long where you can snag a junior bacon cheeseburger for one cent.

Social Media Ad Revenue From Minors $11B Last Year

Social Media Ad Revenue From Minors $11B Last Year

Load More