Category Archives: Over-Funded Indexed Universal Life
Infinite Banking, in All Its Glory
Disclaimer: We are not suggesting that you are actually creating your own bank or that you are actually becoming a banker. Rather, we are stating a concept of taking back control of your money. You want to adopt a new paradigm … Continue reading
Posted in Infinite Banking, IRS Code 7702, Over-Funded Indexed Universal Life, Participating Whole Life
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Modified Endowment Contract (MEC)
What Is a Modified Endowment Contract? A modified endowment contract (MEC) is a tax qualification of a life insurance policy whose funding exceeds federal tax law limits. The taxation structure and IRS policy classification change after a life insurance policy … Continue reading
Posted in MEC (Modified Endowment Contract), Over-Funded Indexed Universal Life
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