Can I request a credit limit increase?

Inclined conducts a bi-annual assessment of the credit limit for each policy on your line. If you have recently made a premium payment to a policy on your line, you may be eligible to request an off-cycle update.

Inclined conducts a bi-annual assessment of the credit limit for each policy on your line. Updates are assessed on the anniversary and half-anniversary for each policy. If you have recently made a premium contribution to your line and wish to request an ad-hoc collateral update, we have established the following policy that provides transparent guidelines for the submission of such requests for your Inclined Line of Credit. 

Who can request an update? 

Requests for off-cycle collateral updates may be made by the following individuals:

1. The borrower and primary contact for the Inclined LOC.
2. The advisor on behalf of their client, an active borrower on Inclined.

When can an update be requested?

An off-cycle collateral update can be requested at any time. However, if an off-cycle collateral update is processed within 14 days of the scheduled bi-annual collateral update, that upcoming scheduled collateral update will be skipped. 

Criteria to have an off-cycle Collateral Update approved:

To proceed with an off-cycle collateral update, the following criteria must be met:

1. The sum of premiums paid to the policy associated with the ad-hoc request must exceed 20% of the cash value of all policies on the line of credit, AND…
2. The sum of premiums paid exceeds a minimum floor of $20,000. 

Note: Only premiums paid since the last collateral update will be considered. 

How to submit a request:

Requests for off-cycle collateral updates should be submitted through email to support@inclined.com. You, as the borrower, or your designated advisor, may initiate the request. Please indicate the following in the subject line of the email: 

Off-cycle collateral update request for

What is needed to validate the request?

To validate the ad-hoc update, you must provide confirmation of the premiums paid to the policies since the last collateral update. Validation can be achieved through one of the following forms: 

1. Receipts of payments made. 
2. Written confirmation of payments along with corresponding payment dates.

Approval & Implementation: 

Once the validation process is successfully completed, our internal team will proceed with the update. Please note that updates could take up to 20 business days. 

Thank you for choosing Inclined. If you have any questions or need assistance with an ad-hoc collateral update, please reach out to our support team at support@inclined.com.