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Top suggestions for modified endowment contract
Modified Endowment Contracts
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Mec Definition
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Modified Endowment Contracts
Explained
Endowment
Insurance
Endowment
Meaning in Economics Term
What Are
Endowments
Endowment
Plan
Modified Endowment Contract
Mec Definition
What Is a
Modified Endowment Contract
What Does Aleatory Contract
Mean in Insurance
Endowment
Life Insurance Policy
Endowment
Assurance Policy
Is Life Insurance Endowment
Policy Taxable at Payout
Concord Contract
Management
5:56
YouTube
McFie Insurance
Modified Endowment Contract (MEC) - Explained
A life insurance policy becomes a modified endowment contract (MEC) if the policy does not meet the 7-pay test requirements. The 7-pay test is a tax code limitation designed to discourage life insurance premium schedules that would result in a paid-up policy before the end of a seven-year period. A policy that does not meet the 7-pay test is ...
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