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Podcast: The Money Advantage Podcast
Episode: What Is a Modified Endowment Contract?
Description: What is a Modified Endowment Contract, and what does it have to do with life insurance?
https://www.youtube.com/watch?v=qXI-iOZylhU
If you’re using Infinite Banking as a savings tool, you want to avoid having your policy become a MEC. But what exactly are modified endowment contracts? How does it change the taxation on your life insurance policy? Why does it exist, and when might you want to use a MEC?
If you want to know more about how to use Infinite Banking to accomplish your financial goals… tune in now!
Table of contentsWhy the MEC Rule Exis...