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What can I use a line of credit for?

Use the funds for whatever you want!

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Grow your business to another level
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Buy a new home or purchase a property
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Create an emergency fund or support a family member
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Build your wealth and reach your financial goals faster
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Real life success story
“I thought my plans had hit a dead end, but a call to WealthONE changed everything. I was pleasantly surprised to learn that my life insurance policy could serve as a source of funding. The team at WealthONE showed great patience and effort in guiding me through the application process and offering valuable suggestions. Their support and guidance helped me achieve my dream, and I'm truly grateful. Kudos to the amazing team at WealthONE!”    

---Mrs.M, Langley, BC

WealthONE CSV Line of Credit

Also called a Participating Life Insurance CSV Line of Credit. Life Insurance policies with a cash value component are both a valuable asset and a powerful financial tool for individuals and businesses. Use it as collateral for a line of credit without interrupting the growth of your policy.

Features and Benefits
  • Borrow up to 90% of the cash surrender value of your policy
  • Policy can be individually or corporate-owned
  • Total flexibility: use more than one policy or combine your personal and corporate participating life insurance policies together
  • Access cash that’s tax-free** and keep your policy intact
  • Available to residents of Canada
  • Policies issued by major Canadian providers


WealthONE Prime Rate
WealthONE Secured Line of Credit Base Rate
Rates effective 2024-6-11

Getting started is easy

Choose the option that works best for you:

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Become a partner

Insurance and financial advisors: partner with us

If you’re looking for that unique financial institution that will see your client’s story beyond the numbers on the paper, consider WealthONE as your lending partner.

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We're here to help
We understand your unique situation, whether you’re a newcomer to Canada, self-employed, or you’re looking for a special banking solution.

We offer service in:
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Find flexible mortgage options tailored to your purchasing needs for residential and multi-door investment properties.

* All rates are per annum and are subject to change without notice.

** Consult your financial advisor to discuss your unique tax situation and the tax-free benefits of a CSV Line of Credit. All applications are subject to customers meeting WealthONE credit granting criteria. Terms and conditions are subject to change without prior notice.

Application fees may apply.