Modified Endowment Contract (MEC)
A life insurance policy that fails the IRS 7-pay test, causing it to be taxed more like an investment than […]
Medigap
See “Medicare Supplement.” A private health insurance plan designed to cover “gaps” in original Medicare coverage.
Medicare Supplement
Also known as Medigap, this insurance policy helps cover healthcare costs not covered by Medicare Parts A and B, such […]
