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Equitable Bank CSV Line of Credit solutions

Clients with whole life policies can now take advantage of Equitable Bank’s CSV Line of Credit solutions.  These solutions can help give Clients access to capital. You can use them to help provide Clients more opportunity and flexibility for leveraging.

To see if a Client can benefit from these solutions, connect with us to review their policy or request an in-force illustration. Eligibility is determined between Equitable Bank and Clients. Commissions are not payable on the balance of any loan with Equitable Bank.

To learn more: reach out to your Regional Sales Director.

Equitable Bank CSV Line of Credit Suite

Equitable Bank offers two solutions

Equitable Bank CSV FLEX Line of Credit can help Clients access up to 90% of the cash surrender value (CSV) of their whole life policy tax-free. It can offer access to a maximum of 90% of the CSV. It’s available to Canadian residents that are 50 years of age or older who have a whole life policy. Clients will assign their policies as collateral to secure any loans.

Clients may be eligible if they:

  • Are 50 years of age or older and a resident of Canada
  • Have a whole life insurance policy with Sun Life
  • Have adequate cash surrender value in their policy

Equitable Bank CSV MAX Line of Credit can help Clients access capital. Clients may be eligible for tax-free credit limits totaling 90% of the CSV of their whole life policy, provided they make monthly interest payments. Clients will assign their policies as collateral to secure any loans.

Clients may be eligible if they:

  • Are age of majority and a resident of Canada
  • Have a whole life insurance policy with Sun Life
  • Have adequate cash surrender value in their policy
  • Meet financial qualifications to ensure they can make interest payments