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Retirement expert, Daniel Rondberb explains what a MEC (Modified Endowment Contract) is and how it can actually be a good use of life insurance, especially for retirees looking to mitigate risk and increase cashflow in retirement.

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*This video is for entertainment purposes only and is not financial or legal advice.

Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.