Equitable Bank Immediate Financing Arrangement (IFA)

If you’re looking to borrow money to protect your loved ones, while still preserving cashflow for other investment or business opportunities, our latest addition to the CSV Line of Credit Suite might be the solution for you.

The Equitable Bank Immediate Financing Arrangement (IFA) offers access to up to a maximum of 100% of the premium of your policy (evaluated on a case-by-case basis), without requiring you to submit additional collateral. 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.1

Immediate Financing Arrangement (IFA)

Access up to 100% of policy premium

You may be eligible to access 100% of the total annual premium of your policy.

No additional collateral required

Borrow back the premium without the requirement for additional collateral.

Tax-free cash

Take your financial planning to a whole new level by getting access to cash that’s tax-free.2

Continued growth

You get access to cash without interrupting the growth of your policy.

Widely available

Canadian residents that are the age of majority and have a life insurance policy with a minimum premium of $50,000 are eligible to apply for this option.1

You may be eligible for an Equitable Bank Immediate Financing Arrangement if you:

  • Are the age of majority and a resident of Canada1
  • Have, or are in the process of obtaining, a whole life insurance policy with a minimum annual premium of $50,000 with one of Equitable Bank’s insurance partners
  • Meet financial qualifications to ensure interest payments can be made

IFA Application process

  1. 1

    Meet with your financial advisor or an accredited insurance broker

    They’ll work with you to determine if an Equitable Bank IFA is best suited to your needs and will help you prepare a few necessary documents.

    Immediate Financing Arrangement Forms

    Your advisor or broker will determine if you require any additional documentation.

  2. 2

    We’ll review your eligibility to determine if you qualify

    By working with your financial advisor or insurance broker, we’ll determine how much you can qualify for.

  3. 3

    Getting your Equitable Bank IFA approved

    If conditionally approved, we’ll notify you of any additional requirements and confirm your credit limit, so you can access your funds.

Ready to apply?

Get in touch with your financial advisor today to discuss how you can do more with the convenience of one of an Equitable Bank IFA.