The Modified Endowment Contract (MEC)

In today's Better Wealth Breakdown, Dan and I discuss a Modified Endowment Contracts, also known as a MEC. Listen as we review how we take life insurance but give it a superpower by overfunding and maximize the cash with a result of keeping the tax benefits of a life insurance policy. While all companies have different definitions and interpretations of MEC listen to our description of a MEC, how we design the policy and the purpose of how to most efficiently utilize the policy.

#MECS #LifeInsurance

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Caleb Guilliams

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