Episode 159
E159: Is a Modified Endowment Contract Best for Your Infinite Banking Goals?
Dollars and Nonsense · Dollars and Nonsense
November 21, 202228m 34s
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Show Notes
In this episode, we answer the question, does it ever make sense to own a modified endowment contract, otherwise known as a MEC? We will also dive into what exactly is a MEC, what are the pros and cons of owning a MEC, and under which situations is a MEC desirable.
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Topics discussed in this episode:
- What exactly is MEC?
- Become your own banker through a specific type of life insurance policy
- How MEC applies to Infinite Banking
- When a MEC must be created to do its job for you
- Pros and Cons of Owning MEC
Episode Resources:
- Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
- What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
- Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/