How IBLOCs Interact with Snapshots

When you record a snapshot, the loan balance field captures what the carrier shows on that policy. The carrier doesn't see the IBLOC; the bank statement does. Saving the snapshot updates the policy position without changing the tracked IBLOC balance or silently overwriting an existing tracked carrier loan.

This is intentional. If snapshots could adjust IBLOC balances, you'd lose the ability to track them independently and your blended-cost math (which depends on the bank's rate, not the carrier's) would degrade.

What Happens to IBLOC LTV After a Snapshot

LTV for an IBLOC is computed as:

IBLOC balance / sum of cash value of collateral policies

When you record a snapshot that updates a collateral policy's cash value, the denominator changes. The IBLOC balance stays where you last left it, but the displayed LTV refreshes to reflect the new collateral value.

Recording snapshots on the collateral policies keeps the IBLOC LTV honest even though the balance itself doesn't move.

If You Have a Carrier Policy Loan AND an IBLOC

This is common. You take a carrier policy loan against the policy, then later take an IBLOC backed by the same policy.

Two important behaviors:

1. Snapshots report only the carrier loan. The latest applicable snapshot anchors the carrier-issued balance you would typically see in the carrier portal and can surface detected activity for review. It does not change the separately tracked IBLOC.

2. The Log repayment action distributes only across carrier loans. When you use the policy-level repayment dialog, the distribution math runs across active loans tagged to the policy. IBLOCs (which have no policy_id) are not in that set. If you sent the bank a repayment on the IBLOC, log it from the IBLOC's detail page instead.

I Forgot to Log an IBLOC Payment

If you made a payment to the bank but haven't logged it in Policy Stack, your tracked IBLOC balance will be higher than the bank's records. Two options:

Log the payment now. Open the IBLOC's detail page and use Record repayment. Backdate the payment date to when you actually sent it. The Banking Ledger picks up the entry on the correct date.

Update the balance directly. Open the IBLOC's detail page and use Edit Loan to set the current balance to whatever the bank shows now. This is faster but skips the per-payment audit trail.

Policy Stack does not auto-detect IBLOC drift the way it can read a carrier statement — bank statements aren't ingested. The drift audit script that flags carrier loan drift can be extended to flag IBLOC drift, but remediation is manual either way because the source data (the bank statement) is yours to enter.

Summary

Policy Stack is a tracking and visualization tool. It does not provide financial advice, recommendations, or opinions on what you should do with your banking system.

Policy Stack is independent of and is not affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC or the Nelson Nash Institute.