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Personal Financial Planning
11. CHAPTER 9: MANAGING LIFE, HEALTH, AND DISABILITY RISKS/Modified Endowment Contracts (MECs)
11. CHAPTER 9: MANAGING LIFE, HEALTH, AND DISABILITY RISKS Illustration
Syllabus Slides

Modified Endowment Contracts (MECs)

01.Core Concepts

• 7-pay test • Material change • LIFO treatment • 10% penalty (<age 59½)