All BMO Harris branch location ATMs are also available free of charge to Park Bank customers!
Cash Value life insurance combines permanent protection with a savings component. As long as you continue to pay the premiums, you are able to lock in coverage at a level premium rate. Part of that premium accrues as cash value, allowing you to borrow against your policy’s cash value tax free(1).
Other forms of permanent insurance, such as Universal and Variable Life are also available with varying features and benefits. Through our partnership with LPL Financial, the largest independent broker/dealer in the U.S. (2), we offer options from over 40 life insurance carriers. Start the conversation with one of our advisors with Park Financial Advisors.
(1) Loans reduce the policy’s death benefit and cash value and may trigger a taxable event if the policy lapses.
(2) As reported by Financial Planning magazine, June 1996-2018, based on total revenue.