E108: What You Need to Know About Modified Endowment Contracts
About this episode
In this episode, we answer common questions about modified endowment contracts. What are they? How do they apply to infinite banking policies? Does it ever make sense to own a policy that is classified as a modified endowment contract?
~ Access our FREE Infinite Banking Beginner course here:
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For free transcripts and resources, please visit https://livingwealth.com/e108/
Then if you've been around the neighborhood of infinite banking, you've probably heard the term MEC or modified endowment contract. You might be wondering, what this means. In this episode, we deep dive and share all you need to know.
Topics Discussed:
- What modified endowment contracts are exactly
- What MEC has to do with Taxes
- How they fit into your overall policy construction and strategies
- Does the policy really grow tax-free
- When a MEC must be created to do its job for you
- When it makes sense to implement a Modified Endowment Contracts
- When it makes sense to NOT implement a Modified Endowment Contracts
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/
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