A MEC policy is taxable. A non MEC policy is tax deferred. MEC policies can generate a lot of cash value very quickly. Sometimes it makes sense to purchase a MEC policy but we have found that for most people a nonMEC policy is often better. If you want to get a policy and aren't sure if a MEC or nonMEC would be better for you, let us know. We'll be able to help you.
WHAT TO DO IF YOUR POLICY BECOMES A MEC: A policy written as a nonMEC can become a MEC. This means it would become taxable. If you have a policy that becomes a MEC, let us know ASAP and we may be able to help you reverse it back into a nonMEC.
Whole Life Insurance Explained: • Whole Life Insurance Explained
How Life Insurance Works: • How Life Insurance Works
www.LifeBenefits.com
7026607000