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MEC: Modified Endowment Contract Resource Center

November 29th, 2009

For those who have excess funds even after maximizing other retirement investment vehicles, a modified endowment contract can make sense. The process however, is highly complicated.

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A Guide to Understanding MEC’s (Modified Endowment Contracts)

Chapter 1: Understanding MEC’s
What is an MEC? Learn more about how this type of investment plan works with your life insurance.

MEC Basics 7 Pay Limit MEC Taxes

Chapter 2: Welcome to MEC 101
Need to learn the basics of MEC’s?

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Say “Yes” To Life Insurance

November 28th, 2009

When a couple gets married as starts thinking about a family then they often begin to think about taking out a life insurance plan. This plan is normally taken out by the spouse that brings home the largest income, or by both spouses if the income is similar or require for living expenses. The sole purpose of a life insurance plan is to supplement a lost income in the case of death to a spouse. When the carrier of a life insurance plan dies they policy will then a lot money to the remaining family member, based on the terms of the policy that was carried.

When you are thinking of purchasing a life insurance plan there are many policies that you have the option to choose from.

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LIMRA’s Long-term Care Statistics

November 28th, 2009

LIMRA’s long-term Care statistics for 2008 show that while the number of long-term care policies being sold in the United States is rising, the number of Americans who are properly insured is still extremely low.

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How to Compare Insurance Quotes

November 25th, 2009

Comparing insurance quotes is one of the most daunting tasks you’ll have to do. Many people don’t have insurance simply because they don’t want to try to figure out what everything means and then find a company. Other people just go with the same carrier that their family has and they never shop around.

The problem with this approach is that you could be getting a very high rate compared to other insurance companies. The important thing that you must remember is that it’s possible to save a lot of money just by getting different insurance quotes. There are many different types of insurance and each one depends on its own factors. There a

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Life Insurance Question?

November 25th, 2009

Since there are no government entities that step in to guarantee liabilities of a life insurance company should it fail to satisfy obligations, the pricing terms that life insurance companies offer on policies are related directly to their….

a – total assets
b – total liabilities
c – securities & exchange commission rating
d – financial rating

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