The perfect fit to access the cash value of your whole life Insurance Policy
The VNB® Cash Value Line of Credit is the simple way to access the value of your whole life insurance policy to help manage your cash liquidity needs.
- No pre-payment penalty or application fee
- Funds are available to be used for personal or business needs
- Interest may be tax deductible (consult with your tax advisor)
- Online access to account activity with VBankWorks®, Valley's online banking system
- Multiple policies can be used as collateral for one line of credit
- Customers maintain the full dividend schedule of the policy and the benefits remain intact
- Simple application process with quick turnaround time on decisions
- Local 24/7 Customer Service Center
To get started, download the application and fax it to 1-973-694-2943, visit a convenient branch or speak with a local customer service representative by calling 1-800-522-4100.
As of 6/29/2016, the variable Annual Percentage Rate (APR) is 4.00% and will vary with the Wall Street Journal Prime Rate, but will not exceed 15.90%. Minimum loan amount is $65,000. Subject to credit approval. Additional terms and conditions apply.