Inclined provides the Inclined Line of Credit (iLOC), a revolving credit facility backed by whole life insurance cash value. This platform offers policyowners convenient and flexible access to liquidity through competitive rates and next-day draws. Financial advisors can utilize the platform to offer clients an optimized method for leveraging their insurance equity.
Funding
$23.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Whole life insurance policyholders often struggle to access the cash value of their policies without incurring substantial penalties or surrendering the policy altogether. Traditional methods of accessing this value can be cumbersome, inefficient, and may not provide the flexibility needed for various financial needs. This illiquidity can hinder policyholders from leveraging a significant portion of their assets.
Solution
Inclined provides a revolving line of credit (iLOC) secured by a whole life insurance policy, enabling policyholders to access their cash value with competitive rates and no fees. The iLOC offers a flexible and efficient way for policyholders to leverage their life insurance assets for diverse financial needs, such as managing expenses or investment opportunities. Inclined's technology platform connects policyowners with financial institutions, streamlining the application process and maximizing efficiency. Financial advisors can introduce the iLOC to their clients through the Inclined Advisor Portal, facilitating access to liquidity without disrupting the underlying insurance policy.
Target Audience
The primary target audience includes whole life insurance policyholders seeking flexible access to their policy's cash value and financial advisors looking to offer their clients innovative liquidity solutions.
Features
- Revolving line of credit secured by whole life insurance policies
- Minimum credit limit of $5,000
- Competitive interest rates
- No origination or maintenance fees
- Streamlined online application process
- Advisor portal for financial advisors to manage client access
- Integration with eligible insurance carriers including Guardian, Northwestern Mutual, and MassMutual