How do I cancel or close my line of credit?

We require verbal authorization to close your Inclined Line of Credit (iLOC). Please call our team at 1-855-282-0441 to begin the process of closing your iLOC. Once we receive your verbal request, we will send to you a Statement of Account Closure document for e-signature through HelloSign.

After we have received the signed document, we will work with your insurance carrier to move the drawn balance of the iLOC back to your policy(ies) by means of a policy loan. The funds from this policy loan will pay off the balance of your iLOC in full and allow for us to close the account. We will then provide  your insurance carrier with a signed Release of Assignment form.