A Smart way to borrow.
Planning a wedding? Looking to jump into a business opportunity?
The Cash Value Line of Credit is a smart way to borrow: the perfect financial resource that can be used for personal and business opportunities. At CSB, you can borrow against the cash value of your life insurance policy to access the money you need.
Features and Benefits
- Policy dividends and other benefits are not affected
- Multiple policies can be assigned to one line of credit
- Convenient and low-cost alternative
- Interest may be deductible (consult your tax advisor)
- Individual and Trust borrowers are accepted
- Online and Checkbook accessibility to funds
- Monitor your account online
Structure and Pricing
- Lines of Credit up to 100% of Cash Value
- Variable Rate Indexed to the WSJ Prime Rate
- Minimum credit line - $100,000
- Maximum credit line - $2,500,000 (larger lines considered upon request)
- 60 Month Term
- Monthly interest-only payments
- No fees*
Need additional information?