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Retirement expert, Daniel Rondberb @DanielRondberg explains what a MEC (Modified Endowment Contract) is and how it can actually be a good use of life insurance, especially for retirees looking to mitigate risk and increase cashflow in retirement.
0:00 - Intro & Overview
4:07 - Who is a MEC for and why would you do it?
5:26 - Is an IUL a good idea as a MEC?
6:11 - The Benefits of MECs
11:08 - Longterm Care & Addressing Misconceptions
16:44 - Explaining Chronic Illness Riders
18:54 - The importance of Income Replacement!
23:05 - Maximizing Your Inheritance & Legacy
24:33 - Other Benefits you need to consider
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*This video is for entertainment purposes only and is not financial or legal advice.
Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.
8 авг 2024
