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How Do I Add Policies to My Line of Credit?

If you have an active Inclined Line of Credit, you can add additional life insurance policies as collateral to increase your credit limit. You can request this yourself as a client, or your advisor can request it on your behalf.

For Clients

On the Mobile App
  1. Log in to the Inclined app.
  2. Navigate to the Cash Value Visibility tab.
  3. At the bottom of the page, tap Add Policies.
On the Web
  1. Log in to your Inclined web account.
  2. Click the user menu in the top right corner of the home page and select My Account.
  3. In the Policies section, click Add Policies.

If your account is eligible, you'll see the Add Policies button in both places. If you don't see it, it is possible that your account is currently ineligible to add policies. You can reach out to our Support Team at support@inclined.com with questions.

 

For Advisors

  1. Log in to the advisor portal.
  2. Below the rate card on your advisor dashboard, click the Add Policy button.
  3. Select the client account you'd like to add policies to.
  4. Submit the request.

If you do not see a particular client's account, they are currently ineligible to add policies. You can reach out to our Support Team at support@inclined.com with questions.

 

What Happens After You Request

Once a policy add request is submitted, whether by you, your advisor, or Inclined, here's what to expect:

  1. Draws are frozen. While we process your request, you won't be able to draw on your line. This protects the collateral review process and lifts once the request is complete or canceled.

  2. You'll sign a collateral assignment. This is the only document you'll need to sign as part of adding a policy. If you're married or have a trust with multiple trustees, your spouse or co-trustees will also need to sign.

  3. Your credit limit will be updated once the Policy Addition is completed. You'll receive an email once the addition is complete, and you'll be able to see your updated credit limit at that point in the mobile app or on your online account.

 

A Couple of Things to Know

Only existing owners on your line of credit — including policy pledgors — can add policies this way. You are not able to add a policy with an owner who is not associated with the account through this process; that requires a new line of credit.

Not every account is eligible to add a policy right now due to a small number of rate exceptions. If you don't see the option to add a policy, reach out to our Support Team.

 

Have Questions?

If you have any questions about adding policies to your line of credit, please reach out to our Support Team at support@inclined.com.