When and Why Does a Spouse Have to Sign?

While your Line of Credit may be issued to you as an individual, therefore your spouse is not a party to the loan itself, assigning an insurance policy as collateral is subject to state laws, which vary.

Whether spousal consent is required depends on the state you live in or the state where your policy was originally issued. Consent is required if either of these states is one of the following:

• Arizona, California, Idaho, Louisiana, Massachusetts, New Mexico, New York, Nevada, Texas, Washington, or Wisconsin

If your application requires spousal consent, your spouse will need to sign the collateral assignment form acknowledging that they’re aware of the policy assignment. We’ll automatically determine if this applies to you and guide you through notifying your spouse and collecting their signature.

Note: While the insurance carrier’s collateral assignment form may require your spouse’s signature, the Inclined Line of Credit agreement itself does not.

If your collateral assignment form is sent for electronic signature, you can track the status of your spouse’s signature directly from your Pending Account page. If your spouse hasn’t signed yet, you’ll see a notification like the one below.