Breaking News
Equitable Bank expands life insurance lending program with addition of Equitable Life as partner insurer
Equitable Bank, Canada’s Challenger Bank™, continues to grow its life insurance lending program, announcing today that it has entered into a new lending arrangement with Equitable Life of Canada that will allow qualifying Equitable Life policy owners to access funds through Equitable Bank’s insurance lending solutions, which include CSV Lines of Credit and the Immediate Financing Arrangement (IFA).
“Adding Equitable Life to our Insurance Lending Program strengthens our program overall and positions our team to expand our reach across Canada via Advisors and Financial Planners,” said Mahima Poddar, Senior Vice President and Group Head of Personal Banking at Equitable Bank. “Over the past year, we’ve steadily added major insurers to our list of partners, helping us reshape the options that Canadians have when it comes to accessing liquidity via whole life insurance policies. With the addition of the trusted Equitable Life brand to our partner insurer roster, we’re making it even easier for many Canadians to include insurance lending in their financial planning toolkits.”
“We are excited to partner with Equitable Bank to offer more lending choices for our clients. Clients can use the cash surrender value of their participating whole life insurance policy as collateral for a tax-free bank loan,” says Donna Carbell, Senior Vice President Individual at Equitable Life. “This agreement allows qualifying Equitable Life participating whole life policyholders to access a collateral loan with Equitable Bank if they choose.”
Equitable Bank’s Insurance Lending Solutions portfolio includes the CSV FLEX and CSV MAX Line of Credit products, as well as the recently launched Immediate Financing Arrangement (IFA) offering. The full suite of Insurance Lending products provides access to innovative solutions that give policyholders of all stages of life tax-free cash flow opportunities. An Equitable Bank Insurance Lending Solution can provide whole life policyholders with an alternative source of liquidity rather than selling investments or other liquid assets.
- EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’ Read more
- Global Tech Leaders Unite to Propel Emerging Future-Critical Sectors at GITEX GLOBAL 2025 Read more
- U.S. Bank Leverages Gen AI for Banking Services Read more
- Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines Read more
- Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking Read more
Solvrays and Penn River Partner to Transform Life & Annuities Back-Office Operations Through AI-Driven Orchestration
Solvrays, a leader in AI-powered workflow orchestration for insurance operations, today announced a strategic partnership with Penn River, a cloud-native life and annuities policy administration platform. Together, the two companies will help carriers eliminate back-office friction and accelerate key functions such as correspondence generation through intelligent automation.
DXC Launches Assure Broking Essentials: AI-Powered SaaS for Small and Mid-Sized Insurance Brokers
DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced the launch of Assure Broking Essentials, an AI-powered, multi-tenant SaaS solution designed to simplify operations, accelerate transformation, and deliver superior customer service for small and mid-sized insurance brokers.
Kalepa and SECURA Insurance Announce AI Underwriting Partnership
Kalepa, the leader in AI underwriting software for commercial and specialty insurance, is proud to announce a new partnership with SECURA Insurance, a respected mutual insurer with a 125-year legacy of making insurance genuine and putting people and communities first.
Leading UK Insurtech Zego Extends Partnership with Clearspeed
Leading insurtech company Zego has renewed its partnership with Clearspeed, the global leader in voice-based risk assessment. The renewal underscores how two of the most innovative names in insurtech are working together to advance Zego’s award-winning claims management, with expanded applications across the motor insurance landscape.
Ex-Crystal & Co. CFO Launches Venture Fund to Modernize Insurance
Jonathan Crystal, a longtime insurance operator turned solo GP, today announced the close of Crystal Venture Partners $33 million Fund I. The firm brings deep domain expertise and high-conviction capital to back founders building the technology that powers insurance, risk, and resilience.
OpenDialog and Durell Announce Strategic Partnership to Bring AI-Powered Quote Journeys to Insurance E-trade
OpenDialog, the AI Agent platform built to transform customer journeys in insurance, today announced a strategic partnership with Durell, an established provider in the insurance software market.
Nearmap and Zurich Advance Property Underwriting with AI Integration
Zurich North America has partnered with Nearmap to integrate AI-powered property intelligence and high-resolution aerial imagery directly into its U.S. Middle Market underwriting systems. The collaboration is designed to help Zurich underwriters assess risk more efficiently and tailor coverage with greater precision.
EXCLUSIVE: “Taking the Pain Out of Compliance” – Camillo Werdich, Sinpex in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Global Tech Leaders Unite to Propel Emerging Future-Critical Sectors at GITEX GLOBAL 2025
With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding, from the possibility of curing genetic diseases to transforming urban mobility or enabling green data centres. With the global AI market set to reach $4.8 trillion by 2033 (UNCTAD), the race to deploy AI for critical sectors has never been more urgent. Against this backdrop, GITEX GLOBAL 2025 convenes as the world’s largest tech and AI event, with this year’s edition highlighting significant developments in biotech, physical AI, quantum computing, semiconductors, and data centres.
U.S. Bank Leverages Gen AI for Banking Services
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Two Thirds of Millennial Travellers Say Flexible Payments Are Their Deciding Factor When Choosing Airlines
New research commissioned by Affirm, the payment network that empowers consumers and merchants with flexible and transparent payment options, reveals that payment flexibility is now one of the most important factors influencing travellers when booking flights and holidays.
Big Issue Partners With fumopay To Roll Out New Way for Vendors To Take Cashless Payments via Open Banking
Big Issue has partnered with open banking payment provider fumopay to offer its vendors an innovative new way to take cashless payments.
Spend Crypto at 700,000 Merchants in SA Using Luno Pay
Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
More Rewards, More Flexibility: PayPal Introduces 5% Cash Back on Buy Now Pay Later Purchases this Holiday Season
PayPal has announced that U.S. customers will earn 5% cash back on PayPal Buy Now Pay Later (BNPL) purchases between now and the end of the year1. As 60%2 of shoppers feel more financial stress heading into this holiday season, PayPal, one of the leading BNPL providers worldwide, is helping to make it easier to manage spending this holiday season.