Snapshot

A snapshot is a point-in-time record of a policy's key values: cash value, death benefit, and loan balance as of a specific date. Snapshots are how you keep Policy Stack's data current.

You record a new snapshot whenever you receive updated figures from your carrier — typically once a year from your annual statement, though you can record snapshots more frequently if your carrier provides interim statements.

Each snapshot stores:

• Effective date — the date the values are as-of
• Cash value — from the statement
• Death benefit — from the statement
• Loan balance — from the statement (if applicable)
• Source — Actual (from statement) or Planned (anticipated future value)

Policy Stack uses the most recent snapshot to calculate your current system position, LTV, net cash value, and available cash value. Older snapshots are retained for historical tracking and trend visualization.

The latest applicable snapshot anchors the carrier policy-loan balance. Material increases beyond expected interest become one canonical draw, nominal increases become capitalized interest, and decreases can be characterized as repayments. Detected follow-ups reuse the snapshot movement rather than duplicating it. Historical draws can be entered with original and current-remaining amounts without changing the latest snapshot balance. See Snapshot Loan-Balance Review.

Related terms: Annual Statement, Cash Value, System Position, Snapshot Reconciliation