Equitable Bank CSV Line of Credit Suite
If you’re looking for quick access to tax-free cash1 to meet your goals, we offer two line of credit options to leverage your whole life insurance policy.
The Equitable Bank CSV FLEX Line of Credit offers access to tax-free cash1 while your policy continues to grow, and payments are not required.2 This option allows you to access up to a maximum of 90% of the cash surrender value of your policy (evaluated on a case-by-case basis) and is available to Canadian residents 50 years of age or older who have a whole life policy with one of Equitable Bank’s insurance partners.3
Use the Equitable Bank CSV FLEX Line of Credit Qualification Calculator to see how much you may be eligible for.
The Equitable Bank CSV MAX Line of Credit offers access to tax-free cash1 while allowing the policy to continue to grow. Borrowers are eligible for credit limits totalling 90% of the cash surrender value of the policy, provided that monthly interest payments are made.2 Canadian residents that are age of majority and hold a whole life policy with one of Equitable Bank’s insurance partners are eligible to apply for this option.
Contact your financial advisor to see how you can do more with what you’ve built today.