Sentences with phrase «non mec»

We design our contracts to find the lowest non MEC death benefit.

We design our contracts to find the lowest non MEC death benefit.

Not exact matches

If your policy becomes a MEC, this advantage (FIFO) goes away and the policy is treated like a typical retirement vehicle, such as a non qualified annuity.

Essentially a life insurance contract which becomes a MEC is treated like a non qualified annuity by the IRS for taxation purposes prior to the insured persons passing.