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Equitable Bank expands their Insurance Lending product offering with the addition of an Immediate Financing Arrangement (IFA) that requires no additional collateral
Equitable Bank expands their Insurance Lending product offering with the addition of an I...
About this update from Eqb Inc
[{"type":"text","content":"\n \n \n \n Equitable Bank expands their Insurance Lending product offering with the addition of an Immediate Financing Arrangement (IFA) that requires no additional collateral\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Jan. 28, 2022\n \n /CNW/ - Equitable Bank,\n \n Canada's\n \n Challenger Bank™, has introduced another Insurance Lending product for Canadians looking to borrow money while still preserving cash flow. The Equitable Bank Immediate Financing Arrangement (IFA) is the latest addition to the bank's Insurance Lending Solutions portfolio.\n \n \n \n \n \n \n \n \n \n Customers who hold or are in the process of obtaining a whole life policy with one of Equitable Bank's insurance partners can set up an IFA to access 100% of the total annual premium of their policy with no additional collateral requirements. This new lending option is a tax-free* way to maximize financial planning goals without interrupting cash flow or liquidity.\n \n \n \"Expanding our Insurance Lending Solutions suite, with the addition of the new Equitable Bank Immediate Financing Arrangement, continues our commitment to offer Canadians innovative products that help enrich their lives,\" said\n \n Damon Knights\n \n , Vice President of Sales and Distribution for Personal Banking at Equitable Bank. \"This most recent addition allows people to establish life insurance to protect their loved ones while still maintaining cash flow for their other investment or business opportunities. We know the needs and specific life scenarios of Canadians are varied and we continue to create smart borrowing solutions that meet those wide-ranging needs.\"\n \n \n Canadian residents** who are age of majority and hold a whole life policy with one of Equitable Bank's insurance partners are eligible to apply for an...