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Is Switching from Term to Perm Right for You? – Life Happens

Savings Corner

As life happens and your needs change, you may find yourself questioning whether your current life insurance coverage is the best fit for you. You could borrow cash value for things like college tuition or retirement income, for example.

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Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. You might find lenders with looser requirements, but you could pay a higher rate as a result. The difference between the two is given to you in a lump-sum payment.