I am an agent for a career shop.
If I purchased a 10 pay policy and turned the policy into a paid up policy after the 7th payment--- am I right in assuming then that the policy won't MEC ?
Is it a crazy idea to save the 8th, 9th and 10th premiums....if a big reason I am doing the plan is cash value accumulation and not sure if I will want to commit the additional 3 premium payments if I didn't want to.
If I purchased a 10 pay policy and turned the policy into a paid up policy after the 7th payment--- am I right in assuming then that the policy won't MEC ?
Is it a crazy idea to save the 8th, 9th and 10th premiums....if a big reason I am doing the plan is cash value accumulation and not sure if I will want to commit the additional 3 premium payments if I didn't want to.