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
Tesla sales jump after months of boycotts
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
30 years later, Pixar resurrects two-dimensional animation
Toy Story’s major achievement, much to the chagrin of the people who worked on it, was to kill American two-dimensional animation. Or was it?
Apple vs. Amazon: Which New Tech Products Are Worth Your Wallet?
Tom’s Guide Editor-in-Chief Mark Spoonauer breaks down Apple & Amazon's latest product drops—what's hot, what's hype, and what really matters for users.
The CEO Powering the Robot Revolution: Inside Leo Ma’s Vision at RoboForce
RoboForce CEO Leo Ma dives into the exciting future of robotics—from AI coworkers to everyday helpers—and what it means for humanity’s next big leap.
How the Charlotte Hornets Are Prioritizing Innovation with New Jersey Patch Partner, Judi Health
Shelly Cayette-Weston shares how the team’s partnership with Judi Health aims to boost community and redefine athlete and fan health access.
The Future of Farming: InnerPlant CEO on Smart Crops That Emit Optical Signals
InnerPlant CEO Shely Aronov reveals how engineered crops like soybeans and corn emit signals when stressed—offering farmers early warnings to boost yields.
How $100K H1B Visas Could Reshape Hiring
Payoneer CEO John Caplan discusses the implications of $100K H1B visa requirements—and how they could reshape tech talent, hiring, and U.S. competitiveness.
Inside the Fed’s Numbers: Sarah Foster on U.S. Economic Momentum
Bankrate’s Sarah Foster breaks down Q2's 3.8% U.S. GDP growth and what it signals in light of recent Fed data and broader economic trends.
Private equity group buys game co. Electronic Arts for $52.5 billion
Electronic Arts, the video game maker of “Madden NFL,” “The Sims,” and other popular titles, is being acquired and taken private for about $52.5 billion in what could become the largest-ever buyout funded by private-equity firms.
