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A modified endowment contract (MEC) receives different tax treatment on a pre-death distributions than other life insurance policies because the modified endowment policies? A. has

A modified endowment contract (MEC) receives different tax treatment on a pre-death distributions than other life insurance policies because the modified endowment policies?

A. has a larger cash surrender value

B. generally pays dividends to the policyowner

C. tends to be an investment vehicle

D. does not provide for loans to the policyowner

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