Get a flexible line of credit at an interest rate well below that of most insurance company loans.
- Competitive Rates
- Flexible Terms
- Local Decisions
- Friendly Service
- Competitive rates for several ongoing needs
- The existing cash value of your life insurance is used as collateral
- Funds available anytime through a Revolving credit line
- Payments are Interest only, billed quarterly
- Principal payments are not required but can be made at any time
- Quick decision-making and processing
- Attentive, friendly service from start to finish
M&M Bank has provided cash value lending solutions through its Life Equity Loan program since 2003. As lending experts, we work to provide a loan product having substantial benefits for you. Our product makes your life insurance cash value an extremely versatile and cost-effective financial tool.
- Relationship: The LEL team of 9 employees makes sure there is someone available to answer a call, financial representative referral, brainstorm a case or make a policy change.
- Knowledge: M&M has provided cash value lending solutions for several years and has significant cash value holdings through its Bank Owned Life Insurance.
- Streamlined application and underwriting process. Loan documents in 2-4 business days from receipt of all information.
- Competitive interest rates typically lower than the rate from the Carrier and allow your policy to remain whole and earn full dividend performance.
You can start your application online — click the "Apply Now" button above or below. If you have any questions, feel free to contact the LEL Team.
Phone: (630) 575-9700
Email: [email protected]