Permanent life insurance can be a powerful tool in your financial security portfolio because of its unique structure. You buy life insurance so that your loved ones are financially protected. Did you know you can use the cash value in your permanent insurance policy to provide a source of retirement income, finance personal or business opportunities, or deal with unforeseen financial emergencies?
The cash surrender value (CSV) line of credit allows you to use personally-owned or corporately-owned permanent life insurance policies issued by London Life as security for financing. Use your policy as security and produce a cash flow during your lifetime while maintaining a net benefit payable at your death. Talk to your financial security advisor to find out if this strategy is suitable within your financial security plan.
The cash surrender value of your permanent life insurance policy issued by London Life secures the loan.
Want to learn more about the CSV line of credit?
Contact a financial security advisor to find out if the CSV line of credit is right for you. Or if you're already a Solutions Banking client, call 1-866-888-1379 to find out more.