In this episode, we ask:

• Have you ever wondered what it’s really like to be on a launch pad?
  
• What happens when the engines light?
  
• What about accelerating straight up?
  
• What about large sums?
  
• What about real estate?
  
• What about debts?
  
• What about a Bank on Yourself® type whole life insurance policy?
  
• Will it fit?
  
• What would happen if a one million dollar lump sum went into a policy?
  
• What happened in the 1970s?
  
• What is a MEC or modified endowment contract?
  
• What happened in 1988?
  
• What is the TAMRA Act?
  
• What are the tests?
  
• Would you like to listen to Episode 91?
  
• Why was the TAMRA Act put into place?
  
• What is special about the seven year test (the seven pay test)?
  
• Would you like to hear Episode 203?
  
• What are the tax implications of a MEC policy?
  
• Should you be surprised by a MEC?
  
• What do the insurers do on a monthly basis?
  
• What about the 60-day grace period?
  
• Will policies accidentally turn into a MEC?
  
• What are the advantages of MEC policies?
  
• Do you understand the power of Bank on Yourself®?
  
• Why are most single pay policies classified as MEC policies?
  
• Should I do a MEC policy or non-MEC policy?
  
• Is this the last windfall?
  
• What are the limits to a single premium policy?
  
• What about recurring premium policies?
  
• Can you get a life insurance policy over age 65?
  
• Can you get a life insurance policy over age 85?
  
• How might the single premium MEC policies work?
  
• Should we avoid MECs at all costs?
  
• How much of the cash value in a single premium MEC policy is loanable?
  
• What are the advantages of non-MEC policies?
  
• How much can you take of the cash value in a non-MEC policy?
  
• What is the two-stage rocket strategy?
  
• What about doing both a Single Premium MEC policy and a recurring non-MEC policy?
  
• What about taxes?
  
• How long does it take for single premium policies to break even?
  
• How long does it take for recurring premium policies to break event?
  
• What are the stages?
  
• What happens after taking loans on the cash value?
  
• What about taxable events?
  
• What about the life insurance death benefit?
  
• What is the catch?
  
• What about long term planning?
  
• How might one buy back debts?
  
• What about recurring premium?
  
• What about flexibility?
  
• What is a paid up additions rider (PUAR)?
  
• Would you like to hear Episode 142?
  
• What about a case study?
  
• What are the tax implications of the different policies?
  
• What about the death benefits?
  
• What about chronic care, long-term care and/or home health care?
  
• Would you like to meet with Mark?
  
• Who needs to hear this?
  
• Would you like to leave us a review?
  
• Would you like a free book? Send us a screenshot to hello@nyafinancialpodcast.com, and we’ll send you a free book!