2 years ago

A modified endowment contract is best described as

1 answer:

8 0

A modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

<h3 /><h3>What is modified endowment contract?</h3>

This refers to the highest amount of premium that can be paid into a policy and still have it recognized as a life insurance contract.

Hence, a modified endowment contract is best described as a life insurance contract that has accumulated cash values higher than the IRS allows.

Learn more about modified endowment contract here : brainly.com/question/8128588

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