If you started tracking a policy loan after it was already in motion, the Add past activity grid catches your records up in one sitting. Enter what you know: a starting balance, the individual transactions, or both — a starting balance stands in for anything older than your entries.
You'll find it on the Loans page: expand a policy's row and choose Add past activity.
The fastest path: one starting balance
If all you know is what you owe right now, add a single Starting balance row — the balance owed as of a date, per your carrier statement — dated today, and save. That one line anchors the loan account; every draw and loan repayment you record from here forward builds on it.
A loan can have at most one starting balance. If you entered a loan balance while adding the policy (from a snapshot or annual statement), the starting balance arrives pre-filled from it, labeled with its source.
Entering historical transactions
Each grid row is one of three entry types:
- Draw — capital borrowed against the policy, with an optional purpose tag.
- Repayment — a loan repayment that lowered the balance.
- Capitalized interest — interest the carrier added to the balance rather than being paid separately.
Date each row with the date it happened — any past date works. Rows sort themselves chronologically as you type, and the running balance recomputes live down the right edge, so you can check the ending figure against your carrier statement before saving. Tab from the last cell to add another row.
Per-draw rates
Some carriers price each draw differently. The Rate column (draws only) is optional — leave it blank and the draw uses the policy's default loan rate. When draws carry different rates, the loan row on the Loans page displays the weighted average across them.
History older than your starting balance
Entering rows dated before the starting balance turns that balance into a reconciliation checkpoint. The grid runs your entered history forward and compares where it lands on the starting-balance date against the amount you recorded:
- They match — your real history replaces the starting balance. The account's story is now the transactions themselves.
- They differ — the difference is stated factually (for example: your entries reach $4,300 by June 1; your recorded starting balance is $5,000 — difference $700). You choose how to close it: when your entries fall short, add a capitalized-interest row for the shortfall, or keep the difference as the starting balance.
Nothing is ever silently adjusted, and nothing is double-counted — the numbers you save are exactly the numbers you see in the grid.
After saving
Draws, repayments, and the starting balance stay editable in place from the loan's history — no delete-and-re-enter round trips. Historical repayments count against draws the same way live ones do, and everything you save is recorded as Actual data.
Related: How Policy Loans & Draws Work · Recording a Policy Loan · Tracking Policy Loans