Assertion: modified endowment contract | /r/HasProperty | mec
Facets:
Source sentences:
text: Understanding Modified Endowment Contract (MEC)
text: A modified endowment contract (MEC) is a tax qualification of a life insurance policy whose cumulative premiums exceed federal tax law limits.
text: Key Takeaways A modified endowment contract (MEC) is the term given to a life insurance policy whose funding has exceeded federal tax law limits.
text: A modified endowment contract (MEC) is the term given to a life insurance policy whose funding has exceeded federal tax law limits.