What we do
We take pride in prioritizing speed, convenience, and flexibility. With our simple, easy to understand process, you can access up to 90% of your policy's cash surrender value quickly and efficiently, without interrupting the growth of your policy. Trust our expert team to pave the way to a smarter and faster way to borrow.
At CSV Lender, we offer cash surrender value lending - a flexible and convenient way to access cash without liquidating your life insurance policy or paying steep taxes.
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Borrow money against your policy's cash value to:
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Cover expenses
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Consolidate debt
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Finance a big purchase
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Plan for retirement
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Get favourable interest rates and keep your policy intact.
Product
What is cash surrender value lending?
Cash surrender value lending can be a great option for people who are looking for a flexible and convenient way to access cash without having to liquidate their life insurance policy or pay hefty tax penalties. It's essentially a loan that is secured against the cash value of your life insurance policy, and it allows you to borrow money while still keeping your policy intact.
Benefits of cash surrender value lending
Whether you need to cover unexpected expenses, consolidate debt, or finance a big purchase, cash surrender value lending can help you get the cash you need quickly and easily. Plus, because the loan is secured against your policy's cash value, you may be able to get more favorable interest rates than you would with other types of loans.
Important considerations for cash surrender value lending
Of course, it's important to understand the terms and conditions of the loan before you proceed, and to have a clear plan in place for repaying the borrowed funds. But if you have a life insurance policy with a significant cash value, cash surrender value lending can be a great way to access that value and get the cash you need to achieve your financial goals. Speak to your insurance advisor to see if this option is a good fit for you.
FAQ
How soon can you borrow against a life insurance policy?
​The cash value of an insurance policy accrues over time as you make premium payments. Once your policy has accumulated sufficient cash value, you may become eligible to take out a loan against it.
How do I apply for the loan?
​Once you have consulted with a qualified financial advisor as well as your insurance provider, applying for a loan from CSVLender.com is simple. Contact a registered insurance broker today to get the process started.
What will be the impact on the policy’s performance and accumulation of cash value?
Since no money is being withdrawn from the cash value of the policy, taking out a CSV loan has no impact on the policy’s performance or the accumulation of cash value.
How much can I borrow?
With CSVLender.com, you can borrow up to 90% of your policy’s current year cash surrender value. The exact amount depends on the age of the policy and the terms set by the insurance company.
Are there any tax implications?
Unlike a cash value loan, a CSV loan does not reduce the underlying cash value of the life insurance policy. Since it is your own money being borrowed, it is not treated as taxable income.
