Equitable Bank Launches Empire Life Partnership for CSV Line of Credit

About this update from Eqb Inc

[{"type":"text","content":"\n\n\n\nEquitable Bank Launches Empire Life Partnership for CSV Line of Credit\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Sept. 3, 2019\n\n\n\nThe new partnership will enable Empire Life Whole Life Policy Owners to access funds through an Equitable Bank CSV Line of Credit \n TORONTO, Sept. 3, 2019 /CNW/ - Equitable Bank, a wholly-owned subsidiary of Equitable Group Inc. (TSX: EQB and EQB.PR.C), announced a new partnership with The Empire Life Insurance Company (Empire Life) today. Through the Equitable Bank CSV Line of Credit, Empire Life policy owners can borrow up to 90 per cent of the cash surrender value of their insurance policies without making ongoing payments and affecting the growth of their policy.\n\n \n \n\n \n\"We are pleased that more and more well established insurance providers such as Empire life are recognizing the value in our CSV lending products\" says Andrew Moor, President and Chief Executive Officer, Equitable Bank. \"Empire's vision of being Canada's most convenient insurance and investment company is both admirable, and one we can relate to as Canada's Challenger Bank.\"\nEquitable Bank'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. \n\"We are constantly looking for ways to better serve our customers\" says Mike Stocks, VP and Chief Marketing Officer, Retail at Empire Life \"and the Equitable Bank CSV Line of Credit provides a great option for those who are looking to access capital while simultaneously allowing their policies to keep growing.\" \nVisit equitablebank.ca/lines-of-credit/csv to learn more and speak with a financial advisor or insurance advisor to assess if the Equitable Bank CSV Line of Credit is the right solution for you.\nAbout Equitable Group Inc.\nEquitable Group Inc. is a growing Canadian financial services business that operates through its wholly-owned subsidiary, Equitable Bank.  ...

More updates from Eqb Inc