Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)?

Which of these is NOT subject to income taxation under a Modified Endowment Contract (MEC)? 




a) Loan against the cash value
b) Policy withdrawal
c) Policy dividend
d) Death benefit



Answer: d) Death benefit

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

In insurance,