Inclined, he adds, not only opens up the option to borrow against whole life insurance policies to more people — something that has historically been reserved for the wealthy — it also gives banks a way to better participate in the market at scale. Whole life insurance policies differ from term life in that they accumulate value that is available permanently, rather than just paying for coverage. After a short break from those two stints, Shaw teamed up with Josh Wyss and Graham Gerlach in 2020 to start his third company: Inclined. And when whole life policyholders want to access their cash value, they often choose to do so via a loan, rather than withdrawing the money directly, which is less efficient, he explains.