What Is a Modified Endowment Contract? (MEC Tax Rules Explained)
2:41
YouTubeWestern & Southern
What Is a Modified Endowment Contract? (MEC Tax Rules Explained)
Are you considering overfunding a life insurance policy? You might trigger something called a Modified Endowment Contract, or MEC — and that could mean taxes and penalties. In this video, we break down: · What a MEC is and how it works · The 7-pay test explained · Ways to find out if your policy is a MEC · Who should consider one Whether ...
1.3K viewsApr 24, 2025
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