Effectively immediately, Manulife Bank is increasing the Loan to Value (LTV) on our Cash Surrender Value Line from 90% to 100% of Cash Surrender Value (CSV). This change applies exclusively to CSV Lines secured by whole life permanent insurance policies.
In case you’re not familiar with it… Manulife Bank’s CSV Line is a line of credit secured by the CSV of one or more whole life permanent insurance policies issued by approved insurance carriers, as follows:
Manulife Financial – including Standard Life
Great West Life
BMO Life / AIG
Transamerica Life Canada
The minimum CSV Line is $250,000. There is no maximum. Please review the Advisor Guide to Manulife Bank’s CSV Line.
Robert Sarkisian Business Development Consultant Manulife Bank