{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Infinite Banking Concept and a Modified Endowment Contract MEC ","description":"A good life insurance policy can become a Modified Endowment Contract when it fails the 7 pay test. What does that mean in plain terms?&amp;nbsp;We explain in this episode. Learn what a MEC is (modified endowment contract)&amp;nbsp; What if my Infinite Banking Policy becomes a MEC? Is a MEC bad? Can a MEC be good? How to avoid a MEC Why did the rules for life insurance change in 1988? What is the 7 pay test for life insurance? Learn the history of the MEC laws passing congress Podcast &amp;nbsp;Episode 560: https:\/\/www.youtube.com\/watch?v=y7JoQ5OA92U \ud83d\udcc4 INFINITE BANKING MADE SIMPLE BINDER | Get the free binder here:  https:\/\/pages.mcfieinsurance.com\/infinite-banking-made-simple-binder\/?utm_source=mcfieinsurance.com&amp;amp;utm_medium=link&amp;amp;utm_campaign=podcast&amp;nbsp; Follow the Wealth Talks Podcast on: Instagram:&amp;nbsp;https:\/\/www.instagram.com\/wealthtalkspodcast\/?utm_source=ig_web_button_share_sheet&amp;amp;igshid=OGQ5ZDc2ODk2ZA== Facebook:&amp;nbsp;https:\/\/www.facebook.com\/profile.php?id=61554798231074 &amp;nbsp;Listen to the&amp;nbsp;Wealth Talks Podcast on: YouTube:&amp;nbsp;https:\/\/www.youtube.com\/@wealth-talks-podcast Apple Podcasts:&amp;nbsp;https:\/\/podcasts.apple.com\/gb\/podcast\/wealth-talks\/id978187163 Spotify:&amp;nbsp;https:\/\/open.spotify.com\/show\/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8 ","author_name":"Wealth Talks","author_url":"https:\/\/mcfieinsurance.com\/podcasts\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/40222965\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/198950275"}