Logging a Loan Repayment

When you submit a repayment, Policy Stack:

1. Shows the selected policy's current tracked loan balance
2. Shows active draw balances that still have a positive balance
3. Assigns principal to the specific draw you're paying by default, or to a one-time First in, first out (FIFO) or Equal reduction override, or exact dollar amounts you enter
4. Decrements the tracked loan and draw balances
5. Writes a linked Loan repayment line to the Banking Ledger

The preview shows the before-and-after balance for the policy loan and each affected draw before you submit.

When a Policy Loan Is Paid Off

When a recorded repayment brings the policy-loan balance to zero, the loan page marks it paid off and shows a milestone. Policy Stack stops the account and draw repayment schedules. If a schedule cannot be stopped, the repayment result shows a warning. The loan page links to other policy loans and the Premium Schedule; the completed schedule amount can be redirected to another policy loan or a Paid-Up Additions (PUA) purchase.

Fields

• Policy — choose the policy the repayment was made against. If only one policy has active loans, this field is pre-selected.
• Amount — the total dollar amount you sent the carrier.
• Payment date — defaults to today; change if you're back-filling a past payment.
• Notes — optional. Useful for tracking which carrier statement period the payment covers.

Use the gear on the Loans page to open Settings → Loan repayment tracking to set a household default of First in, first out (FIFO) or Equal reduction, used when confirming a detected repayment from a snapshot. It does not change the Log repayment dialog above, which always defaults to the specific draw you're paying.

After Submitting

• The dialog closes and a confirmation appears.
• Each affected loan's tracked balance decreases by its share.
• The Banking Ledger gains one Loan Repayment entry for the policy-level event, with the distribution metadata attached.
• Your activity log records the policy repayment with per-loan allocations.

Each affected loan's history table gains a repayment row for its share — the payment date and amount — so the repayment shows up on the loan as well as in the Banking Ledger.

Editing or Reversing

Policy-level repayment corrections are not one aggregate operation. Open each affected loan's Repayment History and edit or delete its auto-distributed repayment so the tracked balance is corrected. Then review the aggregate policy-repayment row in the Banking Ledger and correct that row separately if needed; changing only the aggregate ledger row does not recalculate the loan balances.

Edge Cases

• Policy with no active loans — the dialog returns "No active loans on this policy. Log a snapshot with a loan balance to create a baseline, or add a loan first."
• Policy where every active loan has a zero balance — the dialog reports the same; there's nothing to distribute against.
• Single-loan policy — the dialog still works; the full amount is allocated to that one loan.
• IBLOCs on the same policy — IBLOCs are not included in the distribution. They're maintained separately. See How IBLOCs Interact with Snapshots.

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.