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Investment Lending Services

Cash surrender value (CSV) loans for whole life policies1


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For your clients with CSV whole life policies, our CSV loans will allow them to access their funds without the consequences of a withdrawal. We are offering your life insurance policyholders the opportunity to leverage up to 90% of the cash value on a whole life policy without cashing it in. For example, a whole life policy with a cash value of $100,000 ($100,000 x 90%) will generate a loan of $90,000, allowing you a unique opportunity to strengthen their financial planning needs. For CSV loans, the insurance company may require additional forms. Please contact the insurance company prior, for any additional forms they require to leverage a CSV whole life policy.

Maximum loan:
  • $450,000
  • Up to 90% of the cash surrender value of a whole life policy
Eligible life insurance providers:Available to all Canadian insurance providers
Payment Options:
  • Interest only
  • Blended payments - up to 30-year amortization
Program requirements:
  • Unencumbered whole life policy with CSV
  • A copy of the policy or detailed printout is required
  • Policies with an irrevocable beneficiary do not qualify
Income requirements:
  • No proof of income required
For Quebec applicants:
  • The original policy must be submitted; a printout/copy is not sufficient

For advisor use only.

1 Loans are repayable on demand. Loans may be demanded even if there is no default under the Loan & Security Agreement and even if all margin requirements have been met.