Which policies should I use?
You can add any combination of supported policies to your Inclined Line of Credit.
Inclined currently supports the following carriers and policy types:
- Northwestern Mutual: Whole Life, Universal Life, and Variable Life
- MassMutual: Whole Life
- New York Life: Whole Life, Universal Life
- Guardian: Whole Life
- Penn Mutual: Whole Life, Universal Life, Indexed Universal Life
Your inclined line of credit application can support any mix of carriers and policy types that are supported. The policies you enter in your application will be the ones you are borrowing against. You should provide all policy numbers that you wish to borrower against when submitting your application.
Credit limits are primarily based on the cash value of the policies you enter, a larger total cash value typically results in a larger credit limit.
If you own multiple policies and are unsure which ones you'd like to borrow against, ask your advisor. You may add as many policies as you would like, but all policies must have the same owner.