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Modified Endowment Contract (MEC) Explained. Tax Good Thing About Life Insurance Policies Contracts

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Modified Endowment Contract (MEC) Explained. Tax Good Thing About Life Insurance Policies Contracts A endowment that is modified (commonly known as a MEC) is a taxation certification of a life insurance policy that has been funded with an increase of cash than permitted under federal taxation regulations. A life insurance plan which becomes a MEC ….  Read More