Insurance Line of Credit

Our Insurance Credit Line is a Smart Solution for Your Personal or Business Borrowing Needs.

When you need money for those big or unexpected moments in life, an Investors Insurance Credit Line can be the answer. This credit line is a quick and easy way to access the equity in your whole life insurance policy. No matter the purpose, personal or business needs, the equity is available to you.

You can use the funds for:
  • ​Tuition
  • Home renovation and repairs
  • Debt consolidation
  • Cover an emergency
  • and more!
Investors Insurance Credit Line is secured by an assignment of a whole life insurance policy. It’s simply a tool for you to manage your liquidity.
  • Line of Credit up to 95% of cash value of a Whole Life Insurance Policy1
  • Term: 48 Months
  • Minimum credit line: $65,000
  • Maximum credit line: $5,000,000 (exceptions possible)2
  • Competitive tiered variable rates based on Wall Street Journal Prime
  • Borrowers must be individual person(s) or trusts, no corporations or pensions allowed
  • Assignment and Loan documents must be completed by all policy owners
  • Minimum customer check amount: $3,000
  • Interest may be tax deductible
  • Checkbook accessibility to funds
  • Monthly interest-only payments
  • Monitor your account activity via online access and the Investors Bank Mobile app
  • Increase Requests may not result in an inquiry on credit

Contact us today to learn how we can help you apply:

 

Justin Delle Donne Investors BankJustin Delle Donne
Vice President, Team Leader
jdelledonne@investorsbank.com
973.924.8319 office


1. Policy must be in effect for at least 12 months at the time of credit application. Insurance policy must be issued by one of the following approved insurance providers to be eligible for IBLOC collateral: Guardian, MassMutual, Northwestern Mutual, NY Life, MetLife, John Hancock, Penn Mutual, Ohio National, and Brighthouse Financial. 2. Exceptions available above $5,000,000. | *Other restrictions may apply 

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