For those who have excess funds even after maximizing other retirement investment vehicles, a modified endowment contract can make sense. The process however, is highly complicated.
A Guide to Understanding MEC's (Modified Endowment Contracts)
Chapter 1: Understanding MEC's
What is an MEC? Learn more about how this type of investment plan works with your life insurance.
- MEC Basics
- 7 Pay Limit
- MEC Taxes
Chapter 2: Welcome to MEC 101
Need to learn the basics of MEC's? Learn how they really work.
- MEC 101
- Modified Endowment Contract Yields
Chapter 3: MEC Pros and Cons
Learn more about the advantages and disadvantages of an MEC strategy.
- Advantages of MECs
- Disadvantages of MECs
Chapter 4: MEC Costs
Learn about the costs associated with an MEC.
- MEC Costs
- Indirect Costs
Chapter 5: Does and MEC Make Sense for You?
Learn more about whether the MEC makes sense for your situation.
- Expert Recommendations for MECs
- MEC Complexity
