Beating COVID-19: Tips for Your Insurance, Finances, and Business - April 8, 2020

April 08, 2020
Share |

News. Insights. Analysis. Inspiration.

"Loans From Life Insurance: Your Own Private Bank"

From Life Insurance Strategies Group:

* In times of uncertainty, Americans turn their attention to their liquidity—what cash they have on-hand and what cash can they quickly access if needed. Cash out securities? Raid the qualified plan? Get a bank loan against a home or a business? Sell a kidney? All of these have serious detractors, including loss of capital, in-efficient taxation, penalties, adverse lending rates and, in the case of selling that kidney, possible criminal implications. Taking a loan from your life insurance policy may be the solution to satisfy an emergency need for money.

"Residential properties offer virtual renting options amid social distancing"

From NJ Biz:

* In today’s new reality of COVID-19 and the social distancing and restrictions that have come with it, developers and property managers are leaning on virtual capabilities so people can rent an apartment completely online without having to come in contact with anyone.

"Life and Health Insurers Have About $99 Billion in Hotel-Backed Investments"

From Think Advisor:

* U.S. life and health insurers hold about $99 billion in lodging-related debt, but most should come out of the COVID-19 travel freeze in pretty good shape.