Household and Family Policies
Many whole life banking practitioners operate a household banking system — multiple policies on different family members, all working together as a single capital system. Policy Stack is designed to track this naturally.
How Household Banking Works
A household banking system typically includes:
- Policies on one or both spouses
- Policies on children (often structured as smaller policies funded with PUAs)
- All policies contributing to a shared pool of available cash value
- Loans and deployments drawing from any policy in the household
The household banking view gives you a single picture of total cash value across all policies, total loan balances, net system position, and deployment activity — regardless of which policy a specific loan originates from.
In Policy Stack, all policies under one account belong to the same household. There is no separate "household account" setup needed. Add each policy as an individual record, and the dashboard aggregates them automatically.
Adding Family Member Policies
- Navigate to Policies in the sidebar.
- Click "Add Policy."
- Enter the policy details — including the insured name if the policy is on a family member other than yourself.
- Select the policy type and enter the carrier information.
- Add the first snapshot with current cash value and death benefit from the most recent carrier statement.
Policy Stack does not require the insured to have their own Policy Stack account. You can track a policy on your child or spouse within your own account. The insured name is for your reference only.
Tracking Loans Across Multiple Policies
When you have multiple policies, loans can originate from any of them. Each loan is associated with a specific policy — the policy whose cash value is being used as collateral for that loan.
- Go to Policies and select the policy you are taking the loan from.
- Navigate to the Loans tab on that policy.
- Add a new loan and enter the loan amount, date, and rate.
- Optionally link the loan to a deployment to track how the capital is being used.
The Banking Ledger records which policy each capital event originates from, so you can see the activity broken down by policy or viewed as a household total.
If you are managing a large household system — four or more policies — consider using the deployment tagging feature to group capital events by purpose (real estate, business, vehicles) rather than by policy. This often gives a clearer view of how capital is being used across the system.
System-Level vs. Policy-Level Views
Policy Stack provides both perspectives:
Policy-level: Each policy has its own dashboard — cash value history, loan balances, LTV ratio, and loan repayment schedules for loans on that specific policy.
System-level (household): The main dashboard aggregates all policies — total cash value, total loan balances, net system position, total deployments, and capital velocity across the entire household.
The relationship between these views is additive. The household total is the sum of individual policy positions. If a policy has a loan outstanding, that loan balance reduces both the policy-level and household-level Available CV.
One Account Per Household
Policy Stack accounts are organized at the individual level, not the household level. If you want your spouse to have their own login to view shared data, the Partner Collaboration feature (Builder Pro) allows you to share account access with another Policy Stack user.
See the Connecting with an Advisor article for how collaboration and data sharing work — the same connection flow applies to partner access.
Builder Pro is required for assets, goals, and more than one policy. Starter tracks one policy and its unlimited policy loans. Builder Pro unlocks unlimited policies, assets, and goals.