Common Questions

Q: Does it have to be a participating life insurance policy?

A: Yes, you have to use a participating life insurance policy as collateral to apply for a loan or line of credit. Participating policies receive dividends, which can be used to increase the cash value growth over time, making participating life policies useful financial tools.


Q: Does it apply to any insurance company in Canada?

A: Yes, we accept participating life insurance policies from major insurance companies in Canada, including London Life, Canada Life, Great-West Life, Sun Life, Manulife etc. You should consult our Business Development Manager on whether your policy is qualified for our product.


Q: If I have a business participating life insurance policy, can I use it as a collateral?

A: Yes, you can. Our program provides maximum flexibility with access to a personal or commercial line of credit or loan.


Q: If I have several participating life insurance policies, can I use all of them as collateral?

A: Yes, you are allowed to use as many policies as you wish as collateral for a loan or line of credit, as long as you meet our application requirements. You can also use your personal participating life insurance policies and business participating life insurance policies together. Our goal is to help you make the most of your life insurance.