Jun 8, 2017
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.
Links in this 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