# Infinite Banking Concept and a Modified Endowment Contract MEC

Page: https://stenobird.com/podcast/wealth-talks-742271/infinite-banking-concept-and-a-modified-endowment-contract-mec
Text version: https://stenobird.com/podcast/wealth-talks-742271/infinite-banking-concept-and-a-modified-endowment-contract-mec.md
Podcast: [Wealth Talks](https://stenobird.com/podcast/wealth-talks-742271)
Published: 2026-02-25T10:30:00+00:00
Episode link: https://wealthtalks.libsyn.com/infinite-banking-concept-and-a-modified-endowment-contract-mec
Audio file: https://traffic.libsyn.com/secure/wealthtalks/562_Audio.mp3?dest-id=258582
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JSON: https://stenobird.com/v1/public/podcasts/wealth-talks-742271/episodes/infinite-banking-concept-and-a-modified-endowment-contract-mec
Duration seconds: 2569

## Resource

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? We explain in this episode. Learn what a MEC is (modified endowment contract) 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 Episode 560: https://www.youtube.com/watch?v=y7JoQ5OA92U 📄 INFINITE BANKING MADE SIMPLE BINDER | Get the free binder here: https://pages.mcfieinsurance.com/infinite-banking-made-simple-binder/?utm_source=mcfieinsurance.com&utm_medium=link&utm_campaign=podcast Follow the Wealth Talks Podcast on: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074 Listen to the Wealth Talks Podcast on: YouTube: https://www.youtube.com/@wealth-talks-podcast Apple Podcasts: https://podcasts.apple.com/gb/podcast/wealth-talks/id978187163 Spotify: https://open.spotify.com/show/7MOugefeGkTl5jdkhYdjvQ?si=80ce9359d8e54cc8

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## Transcript

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