What the heck is a MEC | Modified Endowment Contract
Episode description
If you’ve been around Infinite Banking for any period of time you’ve heard the term “Modified Endowment Contract” or “MEC” for short. Today we are going to discuss what exactly that means and how a policy can become a Modified Endowment Contract and additionally, what you can do if your policy becomes one. Don’t worry it’s not as scary as it sounds and in fact if we understand policy design we can redefine a MEC as a “Maximum Efficiency Contract.” Enjoy this week’s episode.
Resources:
Link to Biden’s financial disclosure https://www.whitehouse.gov/wp-content/uploads/2022/05/Biden-Joseph-R.-2022-Annual-278.pdf
Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC
Schedule your 15-minute call with Anthony or Cameron here:
Check our online course at www.InfiniteWealthCourse.com
Nelson Nash documentary http://bit.ly/NelsonDoc