Modified Endowment Contracts
Modified Endowment ContractsWhen using life insurance policies with investment or cash value features to build wealth, keep in mind these IRS rules to avoid major tax pains.
What is a MEC?
http://www.irs.gov/irb/2006-46_IRB/ar12.html
http://www.irs.gov/irb/2005-25_IRB/ar10.html
http://www.irs.gov/irb/2006-45_IRB/ar11.html
How much money can i put-in/take-out of my life insurance policy?http://www.massmutual.com/mmfg/pdf/mec_client_guide.pdf
What if I resturcture the cash flows (Life Insurance Settlement)?http://www.lisettlements.com/articles/Corsi-article.doc
Common Questions about MECs
http://www.equitable.com/customer_service/faqs_life.cfm?topic=208
Need more assistance? contact Tax Pros today.
P: 718-875-0556 or go to Tax Pros Online.
insurance, MEC, modified endowment contracts, tax issues
Labels: insurance, MEC, modified endowment contracts, tax issues
posted by Victor Lloyd Smith @ 2:38 PM
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