What is a modified endowment contract (MEC)? (2025)
A Modified Endowment Contract (MEC) is a life insurance policy that fails the IRS’s 7-pay test, resulting in different tax treatment compared to standard life…
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A Modified Endowment Contract (MEC) is a life insurance policy that fails the IRS’s 7-pay test, resulting in different tax treatment compared to standard life…
→ Read MoreGap insurance — or Guaranteed Asset Protection — is a valuable auto insurance add-on that protects you from having to pay for a car that’s…
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→ Read MoreComparing liability vs. full coverage auto insurance is a critical step in determining your coverage needs. At $65 per month, liability insurance is the cheaper…
→ Read MoreThe best anti-theft auto insurance discounts are with Geico, Progressive, and American Family. Each provides up to 25% off for qualifying security devices. Geico is…
→ Read MoreMedical Payments Coverage (MedPay) is optional auto insurance that pays for medical expenses after accidents, regardless of fault. This comprehensive guide will teach you how…
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