It may sound like financial heresy to use a modified endowment life insurance contract — and worse, annuitize it. But effective tax bracket rates may prove this strategy as a better income over the life of the insured. Now annuitzation of MEC contracts are now being spread-sheeted against SPIAs and DIAs because some carriers appear to be more benevolent with mortality credits on life insurance than their own annuities. Nationally recognized product taxation expert Ken Davis, CLU, ChFC, CFP, CPA
is interviewed in this video blog.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the number one online author and videographer of insurance content. During his 30-year... More