Content Overview 
1/7
Each of the following assets can be used to obtain cash without selling the asset. Credit, which is the equivalent of an asset, takes on new meaning post-diagnosis.
Retirement Plans
You can borrow from most types of retirement plans. If you are disabled, you may even start to receive benefits penalty-free. To learn more, see: Retirement Plan.
Life Insurance
If you have life insurance, you might be able to borrow or get an accelerated death benefit from the policy, or even sell it. To learn more, see New Uses of Assets : Life Insurance.
Your Home
Your home can be a source of cash while you continue to live in it. There are a batch of ways to access cash, from refinancing your mortgage, to getting a home-equity loan or line of credit, to reverse mortgages, a sale-leaseback, to renting out a room. To learn more, see: New Uses of Assets: Real Estate.
Investments
If you have investments, consider rearranging your portfolio so that it produces more income and liquidating some assets. If you only need extra income in the short term, you can also consider borrowing against your financial assets. To learn more, see: New Uses of Assets: Investments, New Uses of Assets: Borrowing Against Stocks and Bonds.
Personal Property
If you have personal property, such as antiques, collectibles, clothing, or household goods that you're willing to part with, you might be able to turn them into cash. To learn more, see New Uses of Assets: Personal Property
Use Credit
If you are in an emergency situation, consider using your credit to help you get by -- especially if it's backed by credit insurance.
Please share how this information is useful to you.
0 Comments