Modified Endowment Contract,
Modified Endowment Contract:
An amended contribution agreement (MEC) is a tax classification for life insurance companies whose total premiums exceed the limits of federal law. Following the change in life insurance policy, the classification and tax structure of IDS policy has been changed.
- An amended foundation agreement (MEC) is the name of life insurance whose financing exceeds the limits of federal tax laws.
- The police do not have to meet the seven payment criteria of the Technical and Miscellaneous Income Act (TAMRA) of 1988.
- The return tax levied under the CEM is tantamount to taxing the return from the offensive annual.
Modified Endowment Contract means: The language used by the IRS to identify shared life insurance policies that deprive them of their tax insurance benefits and can be taxed as an investment.
Definition of Modified Endowment Contract: Tax classification for life insurance companies whose total premiums are higher than the federal tax. The IRS's tax structure and policy classification changed with the change in personnel policy.
Literal Meanings of Modified Endowment Contract
Meanings of Modified:
Make partial or minor changes to (something)
Sentences of Modified
He is probably ready to change his mind
Synonyms of Modified
refashion, transform, remodel, vary, refine, restyle, redesign, redo, change, reorganize, alter, make alterations to, remould, reform, improve, reconstruct, convert, revise, recast, reshape, rework, revamp, remake, reorientate, adjust, adapt, reorient, amend, make adjustments to
Meanings of Endowment:
Give someone or something.
Sentences of Endowment
Trying to promote chair equipment for psychology
Synonyms of Endowment
subsidizing, financing, funding
Meanings of Contract:
Written or verbal agreements, especially those relating to work, sales or rent, which must be legally enforceable.
Decrease in size, number or rating.
Make a formal and legally binding agreement.
Grip or development (disease or infectious agent)
For duty (loan)
Sentences of Contract
Both parties will have to sign an employment agreement
As it cools, the glass contracts
Local authorities will nominate several agencies to provide services
Three people contracted a deadly virus
Synonyms of Contract
become infected with, promise, engage, commitment, settlement, shrink, arrangement, get smaller, compact, develop, pledge, get, become smaller, acquire, pick up, commit oneself, come down with, catch, fall into, be stricken with