In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the benefits and uses for an MEC (Modified Endowment Contract) versus a Single Premium Life Insurance Policy.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at firstname.lastname@example.org and we may answer it in an upcoming episode.
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Listener gift: Ebook, Financial Planning Has Failed
Kim Butler’s book: Busting the Life Insurance Lies
Kim Butler’s book: Live Your Life Insurance
[00:20] Todd + Kim
[00:33] Single Premium Life Insurance question
[01:29] When Single Premium Life immediately turns into a MEC
[02:44] You can borrow against Life Insurance
[03:27] What a MEC is good for
[04:51] Bridge Loan Investments
[06:18] MEC is not a liquid asset
[07:41] Underlying expenses with Life insurance
[08:24] Have confidence in a dividend, not in the stock market.
[09:41] Are there any particular strategies Kim would use?
[10:47] If you’re more focused on a legacy, then we recommend MEC
[11:23] Listener resources- Live Your Life Insurance, Busting the Life Insurance Lies
[12:20] Listener gift- Financial Planning Has Failed, ebook partners4prosperity.com/ebook
Tweetables:Once a MEC, always a MEC. Click To Tweet If you’re more focused on a legacy, then we recommend MEC. Click To Tweet
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