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."
Share:
More In Business
Tropicana Hotel in Las Vegas Could Be Demolished for Baseball
The famous Tropicana Hotel in Las Vegas could be torn down to make way for a new baseball stadium.
Eve, Blade Bring 'Flying Car' Partnership to Europe
Electric aircraft maker Eve and Blade plan to integrate Eve's upcoming flying car into Blade's European route network under a partnership expansion.
Report: Twitter Planning to Double Down on Video Content
Twitter is planning to pivot to video content, according to Reuters. Cheddar News explains how the tech giant looks to double down on video, creative and e-commerce strategies.
Stretching Your Dollar: How to Avoid Pitfalls of Financial Bad Agreements
Whether it's a gym membership, a cell phone contract, or an extended warranty, getting locked into a bad contract can be frustrating and very costly. So we wanted to share some advice to avoid potential risks involved. Let's take a look.
Be Well: Why Happiness at Work Matters
Be Well: Why Happiness at Work Matters
Highway Safety Agency Reports Power Problems in 2022 Hyundai Ioniq 5 SUVs
Multiple U.S. owners of Hyundai's popular Ioniq 5 electric SUV have complained of completely or partially losing propulsive power, many after hearing a loud popping noise, the National Highway Traffic Safety Administration said Saturday.
Ford Chairman Says U.S. Not Ready to Compete With China on EV Production
Ford Executive Chairman Bill Ford told CNN's 'Fareed Zakaria that despite recent gains the U.S. was still not in a position to compete with China in the production of electric vehicles.
Stock Market Today: World Follows Wall St Lower as Chinese Leader Meets Top U.S. Diplomat
Global stock markets followed Wall Street lower Monday after the top U.S. diplomat met China's leader but the two sides gave no sign of progress on an array of conflicts.
Supergoop! CEO Discusses Sunscreen Brand That's 100% Dedicated to Suncare
Supergoop! is a skincare brand whose products are what the company says is 100% dedicated to sun care. Amanda Baldwin, CEO of Supergoop!, joined Cheddar News to discuss why sunscreen is important to add to daily routines. "What I love about this company is ... it really is based on scientific fact," Baldwin said. "90% of the signs of aging comes from the sun ... one in five of us will be diagnosed with skin cancer in our lifetime so making sunscreen a daily habit is probably one of the most simple things you can do for your health."
