I have a Life Insurance Policy that my father started in my name when I was a toddler. I considered cashing it in - but that is the worst . Tax implications would take at least 1 /3rd. ( An alternative would be a loan from the Canada Life at 6%) Found out about a Line of Credit using the Life Insurance as collateral . up to 90 % of the cash value. Scotiabank and RBC wouldn't consider it . I have to apply to Banking Solutions , a division of National Bank affiliated with Canada Life. These people don't move fast. I started the process over a month ago. An email sat with the Assigned Canada Life advisor a week . Then I was contacted by his assistant. Lots of documents..... that were forwarded to the bank. My only contact is the Canada Life advisor. Interest rate will be prime 3.2% + 1% . I plan to buy a used Model S . To rewind the year I woulda ordered a Model 3 SR+ last December . Waiting .... meanwhile Teslas that I considered buying , have been sold.