Each company has their own interpretation and definition of a 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 over-funding 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 purpose of how to most efficiently utilize the policy.
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