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
Meet One of the World’s Best Chess Players. She’s 14 Years Old
International Master Alice Lee defeated grandmaster Irina Krush to win the American Cup – becoming one of the best women players in the world in the process – but she’s not stopping there.
A.I.-Powered ‘Smart Headphones’ Will Leave Your AirPods in the Dust
You can track your sleep habits or heart rate, but how about your brain? Neurable's MW75-Neuro headphones turn your focus and productivity into data you can use to avoid burnout – here's how they do it.
Yes, the Economy Could *Still* Pull Off a Soft Landing
Inflation continues to tick slightly higher – but look beyond the ‘Magnificent Seven’ and you’ll see there are plenty of companies still doing well.
March Madness: Inflation Rate Surges to a 6-Month High
The Bureau of Labor Statistics released the much anticipated March Consumer Price Index on Wednesday morning. And, uh, it doesn't look great.
How Businesses Can Best Protect Themselves from Deepfakes
Whether it’s a deepfake video of actor Tom Cruise discovering gum in a lollipop or President Joe Biden discouraging people from voting via telephone, you’ve likely come across a deepfake video, photo or audio recording.
Will the U.S. Ban TikTok? Chinese-American Diplomacy Holds the Answer
Tensions in the South China Sea, Apple moving to India, and banning TikTok? The podcast ‘Face Off: The U.S. Versus China’ helps explain how we got here.
Revolutionizing Retail: Cust2Mate's Smart Carts Enhance Security and Shopping Experience
Cust2Mate is a leading innovator in retail technology, aiming to revolutionize the shopping experience. By implementing smart cart technology, the tech company addresses the issue of theft while enhancing the shopper's journey.
Biden Proposes Canceling Student Loan Interest to Tackle Debt Crisis
The Biden administration has unveiled a plan, Plan B, to address the student loan debt crisis. It offers to cancel up to $20,000 in interest for borrowers enrolled in income-driven repayment plans. This proposal aims to reset balances for those facing growing debt due to unpaid interest, benefiting low—and middle-income borrowers. An estimated 25 million borrowers are eligible for some form of interest forgiveness.
It’s a Good Time to Buy Boeing Stock (But a Bad One to Fly on Its Planes)
As we head into the second quarter, there’s an argument in favor of buying Boeing stock. Why? As one expert says, ‘there’s nowhere else to get planes.’
