Webinar Overview

A Modified Endowment Contract, commonly refereed to as MEC, is a life insurance policy where premiums paid exceed certain amounts specified under the IRC. Taxation under a MEC is similar to taxation under an annuity for any distributions (including loans) made while the policy is in effect. Once classified as a MEC, a policy remains a MEC for it's lifetime, even if it is later changed or reconfigured.Tom Martin discusses several sales concepts and products that may be a good fit as a MEC and many which are not.