Cash Value Line of Credit

Valley Cash Value Line of Credit:Business opportunities? Home renovations? Vacation plans? The cash value in your whole life insurance policy can help you access the money you need.
Key Features:
• Lines ranging from $65,000 to $5,000,000
• Easy access to funds via personal checks or online transfers
• No application fee, closing costs or pre-payment penalty. *Florida applicants may be subject to a document stamp tax.
• Competitive, variable interest rate
• Interest may be tax deductible (consult with your tax adviser)
• Multiple policies can be used as collateral for one line of credit
Contact your Valley Cash Value Business Development Officer for a customized solution tailored to your specific financial situation, needs, goals and any questions you have about your loan and the loan approval process.
Eligible life insurance policies must be at least one year old and issued by a Valley-approved mutual insurance company. All policy owners must execute the policy assignment and other loan documents. Borrowers must be individual person(s) or trusts, not corporations or pensions. *Florida applicants may be subject to the Florida Documentary Stamp Tax Fee