When to Recommend an MEC (Modified Endowment Contract) – Episode 193

Summary:

In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the benefits and uses for an MEC (Modified Endowment Contract) versus a Single Premium Life Insurance Policy.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.

Links in this Episode:

Listener gift eBook:  Activating Your Prosperity Guide

Kim Butler’s book: Busting the Life Insurance Lies

Kim Butler’s book: Live Your Life Insurance

Show Notes:

00:00 Intro

00:20 Todd + Kim

00:33 Single Premium Life Insurance question

01:29 When Single Premium Life immediately turns into a MEC

02:44 You can borrow against Life Insurance

03:27 What a MEC is good for

04:51 Bridge Loan Investments

06:18 MEC is not a liquid asset

07:41 Underlying expenses with Life insurance

08:24 Have confidence in a dividend, not in the stock market.

09:41 Are there any particular strategies Kim would use?

10:47 If you’re more focused on a legacy, then we recommend MEC

11:23 Listener resources- Live Your Life Insurance, Busting the Life Insurance Lies

12:20 Listener gift- Financial Planning Has Failed eBook (now Activating Your Prosperity Guide!)

Share this post

Facebook
Twitter
LinkedIn

Begin your journey with the Prosperity Action Pack

Get immediate access to our short ebook Your Guide to Activating Prosperity, audio recording, our summary sheet about the 7 Principles of Prosperity™, and our subscriber-only Prosperity on Purpose Round-Up. 

Just fill out this form and get access now!

20% discount on Perpetual Wealth resourcesCode: PERPETUALWEALTH

Deal ends midnight Oct. 5 midnight!

How much permanent benefit high cash/value dividend paying whole life am I entitled to?

Get access to our free webinar today

Discover Financial Secrets used by the 1%