Modified Endowment Contract (MEC) - Life Insurance Exam Prep

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In this video I cover Modified Endowment Contracts as they have to do with your life insurance license exam

[wbhuyan]

This is the first clear explanation I’ve ever heard of FIFO and LIFO. Thank you very much.

[jayteesgear]

This channel is fabulous. Trying to READ this stuff is so confusing. You break it down easily

[liudmila]

Good Morning!
I’m came back to thank you for your HELP! You are amazing! Your videos are very helpful and makes the learning process more easy.
Passed my NY Life Accident and Health with 106score!
Still cannot believe it I made it through.
It wasn’t easy at all. It took me 2month for studying..maybe it’s way too long, but English is a 3-rd language for. I had to go over and over to understand the material.
Very proud of myself😊

[LalaLamazingGrace]

This is amazing! Reading through the chapters can atrophy my brain. This makes life much easier. Also a break from the lady in examfx

[shobanagunasekaran]

Came here to get some clarification on MEC.Love your channel and amazing content. Hoping to pass the exam soon

[MelissaGardnerRealtor]

I'm new and taking my test soon so thank you!!

[deslovechaos]

been watching your videos after each section on my prep, and you really do make things easier to understand as the course progresses! you are heavensent 🐐 hoping to schedule my exam sometime next week! 22 year old tryna figure out life and help people

[kristamonkeys]

Thanks so much, this was very helpful!!!

[Coachwin]

Thank you! I’ve had my IUL for 10+ years and I’m aware of the 7 years rule. So, will I still be able to MEC my policy if I over fund it? Thanks!

[davidshelton]

Does the interest rate stay the same with a MEC, as it was with the insurance policy?

[chadfleming]

Why does a Index Universal Life policy get exempt from this? You can overload a IUL in the first seven years without penalty.

[Mr_Ortiz]

So you pay taxes on the excess of total premiums paid