{"id":15942,"date":"2019-07-11T12:07:49","date_gmt":"2019-07-11T16:07:49","guid":{"rendered":"https:\/\/insurance-journal.ca\/article\/equitable-bank-announces-bmo-partnership-for-csv-lines-of-credit\/"},"modified":"2019-07-11T12:07:49","modified_gmt":"2019-07-11T16:07:49","slug":"equitable-bank-announces-bmo-partnership-for-csv-lines-of-credit","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/07\/11\/equitable-bank-announces-bmo-partnership-for-csv-lines-of-credit\/","title":{"rendered":"Equitable Bank announces BMO partnership for CSV lines of credit"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"http:\/\/insurance-journal.ca\/media\/photologue\/photos\/taking_money.png\" class=\"ff-og-image-inserted\"><\/div>\n<p><strong>Equitable Bank<\/strong> announced this week that it has a new partnership with <strong>BMO Insurance<\/strong>. Through Equitable Bank, BMO Insurance whole life policy owners can obtain cash surrender value (CSV) lines of credit.<\/p>\n<p>Equitable Bank says eligible policyholders can borrow up to 90 per cent of the CSV of their insurance policies \u201cwithout making ongoing payments and affecting the growth of their policy.\u201d<\/p>\n<p>&#8220;We are excited to be adding another reputable insurance provider to our CSV product suite,&#8221; says <strong>Andrew Moor<\/strong>, President and Chief Executive Officer, Equitable Bank. &#8220;We look forward to working closely with advisors who are contracted with BMO Insurance to further build out our CSV lending product line, and to ensure that their clients&#8217; financial needs are being sufficiently met.&#8221;<\/p>\n<p>Equitable Bank&#8217;s CSV Line of Credit is currently available to Canadians aged 50 and over who have a whole life insurance policy with a partnered insurer, and adequate cash surrender value available in their policy to secure a loan.<\/p>\n<p>&#8220;An individual&#8217;s life insurance policy is a strong, and often underutilized retirement planning asset,&#8221; said <strong>Steve Cooney<\/strong>, Senior Vice President, Head of Individual Life and Annuities, of BMO Insurance. &#8220;We are pleased to be able to offer the Equitable Bank CSV Line of Credit to our whole life insurance policy owners as a means to help them realize their financial goals.&#8221;<\/p>\n<p>To learn more about the bank\u2019s CSV lines of credit, read this article: <a href=\"https:\/\/insurance-journal.ca\/article\/equitable-bank-launches-line-of-credit-backed-by-life-insurance\/\">Equitable Bank launches line of credit backed by life-insurance<\/a>.<\/p>\n<p> <a href=\"https:\/\/insurance-journal.ca\/article\/equitable-bank-announces-bmo-partnership-for-csv-lines-of-credit\/\">Read the original article at insurance-journal.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equitable Bank announced this week that it has a new partnership with BMO Insurance. Through Equitable Bank, BMO Insurance whole life policy owners can obtain cash surrender value (CSV) lines of credit. Equitable Bank&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15942"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=15942"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15942\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=15942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=15942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=15942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}