| With a 12-Month special introductory rate of 6.25% APR2 | |
| After the special intro rate, rates are variable. Today, those rates would be: | |
| 7.75% APR2 | 7.25% APR2 |
| $100,000 – $1,000,000 | $1,000,001 – $2,000,000 |
Data tokens on this page
Resources
Industry Specific
Access all the commercial banking resources your business needs to succeed.
Government Shutdown Assistance
You Built It, You Can Borrow From It
You Built It, You Can Borrow From It
Tap into your whole life insurance policy to access lower rates.
When you have a large expense, it’s important to evaluate all your options to ensure you’re making the best financial decision for you and your family. A Life Insurance Line of Credit1 allows you to borrow from your own personal policy — using money you’ve already saved — while incurring a significantly lower interest rate than many other options on the market.
The product has an introductory rate offering of 6.25% APR2 and is valid for
12 months from origination of the line of credit. Applications must be submitted by 12/29/25 to be eligible for this offer.
12-Month
Special Introductory Rate
12-Month
Special Introductory Rate
6.25% APR2
6.25% APR2
| With a 12-Month special introductory rate of 6.25% APR2 | |
| After the special intro rate, rates are variable. Today, those rates would be: | |
| 7.75% APR2 | 7.25% APR2 |
| $100,000 – $1,000,000 | $1,000,001 – $2,000,000 |
Use Your Whole Life Insurance to Cover Life’s Expenses:
Use Your Whole Life Insurance to Cover Life’s Expenses:
Unexpected Personal or Business Expenses
Unexpected Personal or Business Expenses
Tuition and Debt Consolidation
Tuition and Debt Consolidation
Liquidity
Liquidity
How to Apply for a Life Insurance Line of Credit1 in 3 Easy Steps:
How to Apply for a Life Insurance Line of Credit1 in 3 Easy Steps:
1
Download and complete the credit application
2
Upload the completed application and a copy of your Northwestern Mutual whole life insurance policy illustration*
3
Temporarily remove credit bureau freezes you may have in place to allow us to pull your credit report
Please note that the insurance policy illustration:
• Must be a whole life policy
• Policy must be in force for 2+ years
• Illustration provided no more than 60 days old
• Cannot have an existing policy loan
*If multiple policies are being utilized, please provide illustrations for each. A maximum of three policies are allowed.
Take Advantage of Our Special Introductory Rate:
Take Advantage of Our Special Introductory Rate:
- Borrow $100,000 – $2,000,000 with no minimum draw amount1
- Enjoy easy access to funds using a Lake Forest Bank & Trust, N.A. checking account or ATM
- Complete all your banking under one roof
- Draw on your line and make payments online
- Tiered & variable interest rate
Approved Insurance Carrier:
Approved Insurance Carrier:
See How Borrowing Using Your Life Insurance Policy Can Help Keep Your Interest Rates Low
See How Borrowing Using Your Life Insurance Policy Can Help Keep Your Interest Rates Low
1. Life Insurance Line of Credit. Lines of credit provided between $100,000 – $2,000,000 with the maximum amount offered based on the cash surrender value of the insurance policies used as collateral, for up to 36 months. Eligible insurance policies that serve as collateral for this product must be issued by Northwestern Mutual, a whole life insurance policy with a cash surrender value, in force for 2 years or more, and must not have an existing policy loan.
2. Annual Percentage Rate. Annual Percentage Rates (‘APRs’) are accurate as of 9/19/25. APR is a variable rate based on an index of the highest Prime Rate reported in the Money Rates section of the Wall Street Journal (the “WSJ Prime”), plus a margin based on the amount of the line. For the first 12 months from the date of the loan there is an introductory rate of 6.25% APR which is not based on the index & margin used for later adjustments. After the 12 month introductory period, terms will be as follows. On 9/19/25, the WSJ Prime Rate was 7.25% resulting in the following APRs: $100,000 – $1,000,000: 7.75% (Prime + 0.50%); $1,000,001 – $2,000,000: 7.25% (Prime).
