Thursday, September 26, 2013

Tribute to Life Insurance Awareness Month - MEC & NON MEC Life Insurance

Life was great until 1988. Then TAMRA became law and introduced a new life insurance tax status, modified endowment contracts. With the exception of a tax-free benefit (which is a benefit), a MEC life insurance contract was taxed like an annuity. But the insurance industry developed a "work around" and its use of non-modified endowment contracts for tax advantaged income is more popular than ever. Steve and consumer reporter Kassie Rohde introduce a Shakespearean inquiry, "to MEC or not to MEC; that, is the question."

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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